In today’s roundup of regional real estate headlines, a court order puts $278 million worth of Wanda Commercial shares on ice, and giant cracks in the road spark an evacuation at a Country Garden residential project in northern China. Also… Read More>>
Financial drama leads the real estate news from China today as Tahoe Group announces the sale of another project stake to Shimao in its race to meet a Thursday deadline for repaying investors in a RMB 3 billion bond.
In… Read More>>
China Oceanwide Holdings Ltd (715:Hong Kong) has suffered a fresh setback just a week after the troubled developer warned of a substantial drop in profits for 2018 with its auditor, PriceWaterhouseCoopers, having resigned on February 22.
The London-based accounting giant… Read More>>
Tighter credit and stricter policy enforcement continued to slow down price growth in China’s real estate market according to the latest government figures, which put reports of average prices nationwide growing by their slowest pace in nine months at the… Read More>>
Developer China Oceanwide Holdings has halted construction on a $1 billion mixed-use project in Los Angeles that was previously scheduled to be completed this year, according to an account in the Los Angeles Times, citing a statement by the Beijing-based… Read More>>
China Oceanwide Holdings continued its US acquisition spree by buying mortgage and life insurance firm Genworth Financial for $2.7 billion. The deal, which is subject to regulatory approval, will see the Beijing-based developer put up an additional $1.12 billion towards… Read More>>