Singapore leads the news again today as the city’s fifth housing project this week goes up for collective sale. Slightly further south in Melbourne, a Chinese developer continues to buy up suburban sites and Sunac’s Sun Hongbin reaches a bit… Read More>>
China’s famously indebted developer now appears to be among the most sought after by investors, after China Evergrande Group attracted RMB 60 billion ($9.05 billion) in investment in the run-up to its long-awaited mainland listing.
Ranked as China’s largest developer… Read More>>
Country Garden’s Yang Huiyan has vaulted onto the top 10 list of China’s richest individuals, while Wanda boss Wang Jianlin was dethroned by Evergrande’s Xu Jiayin for the number one spot, according to the latest annual ranking published by the… Read More>>
Leading today’s news, one of Singapore’s richest men is going big on data, or at least on the buildings that house it, while Australia picks up 4.6 billion baht by selling its Bangkok embassy site to a local developer. Also… Read More>>
China Evergrande Real Estate appears to have grabbed an opportunity to enter the lucrative mainland share market through a backdoor listing on the Shenzhen stock exchange, following a series of announcements to the Hong Kong stock exchange this week.
The… Read More>>
With debt obligations sitting at RMB 381.3 billion ($57 billion) as of the end of June, Evergrande Group has dumped its money-losing agribusiness, dairy and spring water divisions as Xu Jiayin’s dreams of branching out from real estate into consumer… Read More>>
Evergrande Real Estate’s core net profits fell by 23 percent in the first half of 2016 as an increase in revenue was unable to offset a range of higher costs. Total borrowings for China’s most highly levered developer jumped to… Read More>>
Evergrande Real Estate, the mainland’s most indebted developer, continued its buying streak this week by expanding its stake in Shengjing Bank to 27.24 percent, according to an announcement to the Hong Kong stock exchange.
The developer controlled by mainland billionaire… Read More>>
Evergrande Real Estate continued its string of acquisitions this week by agreeing to buy a 52.78 percent stake in Shenzhen-listed real estate developer China Calxon Group for RMB 3.6 billion ($553.8 million), according to a statement by Evergrande to the… Read More>>
China’s Evergrande Real Estate increased its debt load by 90 percent last year to RMB 297 billion ($45.8 billion), and now the property developer is said to have a 6.2 percent chance of defaulting on its repayments in the next… Read More>>