In today’s roundup of regional news headlines, Dutch pension fund manager APG completes its $419 million mandate with Australia’s MaxCap, the CEO of private equity giant Carlyle Group resigns out of the blue, and China springs an audit on its… Read More>>
Beijing Cracks Down on Illicit Loans for Land Purchases
The average price of buying a new home in China rose five percent in June compared to the same month in the previous year, but Beijing’s home price inflation firefighters are already showing their readiness to keep the city’s rekindled… Read More>>
Audit Examines Land Sales as Govt Tracks Down Real Estate Wealth
As China pushes forward with president Xi Jinping’s anti-corruption drive, the government seems to be paying increasing attention to the country’s real estate market.
In the last four days, three significant steps have been taken to clamp down on corruption… Read More>>
National Auditors Allege RMB9.37B Fraud and Abuse in Public Housing
China recently set aside RMB 119.3 billion ($19.2 billion) to provide affordable housing for its middle-class, but the program seems to first be creating opportunities for massive fraud and abuse of funds.
The country’s National Audit Office issued a statement… Read More>>