Evergrande Real Estate, one of China’s largest developers – and its most indebted – shocked the market today by announcing that it was acquiring seven mainland projects from Hong Kong’s New World Group for a total of RMB 20.4 billion… Read More>>
China’s most indebted developer, Evergrande Real Estate Group, has branched out into insurance by acquiring a 50 percent stake in a loss-making Chongqing-based life insurer for RMB 3.9 billion ($617 million).
Evergrande, a top-five homebuilder on the mainland, disclosed to… Read More>>
China’s Evergrande Real Estate set a new record for acquisition of a Hong Kong office building last week by purchasing the Mass Mutual Tower in Wanchai from Joseph Lau’s Chinese Estates for HK$12.5 billion ($1.61 billion).
The sale of the… Read More>>
Rapidly diversifying Chinese developer Evergrande Real Estate Group cashed in on Asia’s surging stock markets through a $593 million share offering, according to a company announcement to the Hong Kong stock exchange.
The Hong Kong-listed company, which is among China’s… Read More>>
Sales of Australian homes to foreign buyers doubled in the most recent financial year, in a surge led by Chinese buyers.
Mainland investors pumped A$12.4 billion ($9.76 billion) into Aussie real estate from April 2014 to the end of March,… Read More>>
Frugality may be the watchword under Xi Jinping’s regime, but apparently some of the country’s real estate moguls are hoping that the new guidelines don’t apply to their private aircraft.
And there don’t appear to be any Cessnas in sight… Read More>>
Evergrande Real Estate Group last week announced plans to set up a cosmetic surgery business in a special economic zone on China’s Boao island as the giant property developer continues to branch out into new business areas.
At an event… Read More>>
China real estate developer Guangzhou Evergrande was singled out by credit agency Fitch Ratings this month for its high levels of leverage and aggressive sales forecast, as lenders begin to look more closely at the risks facing Chinese property companies.
The billionaire owner of China’s Evergrande real estate bought one of the poshest homes in Sydney last year for A$39 million ($30.5 million). But now Xu Jiayin, who also owns Guangzhou Evergrande football club, has 90 days to sell off… Read More>>
While many of China’s biggest property developers have been acquiring assets in global gateways such as Los Angeles or New York, Xu Jiayin, the chairman of Evergrande Real Estate Group has headed further north by purchasing a historic railway hotel in… Read More>>