Asia real estate and outbound investment news
Investigations into corrupt real estate deals in the southern Chinese city of Shenzhen seem to have spread to a second major developer today, as the company behind the city’s tallest tower is said to be under investigation.
Shenzhen Kingkey Group,… Read More>>
Kaisa Group Holdings may be in danger of becoming the biggest Chinese real estate developer to collapse as a result of the country’s property slump, after the Hong Kong-listed company defaulted on a HK$400 million ($51.6 million) loan on Wednesday.
Struggling China real estate developer Agile Property took a serious tumble last week when it announced the cancellation of an upcoming rights issue and the detention of Chairman Chen Zhuolin by government authorities.
Mr Chen was said to be confined… Read More>>
Hong Kong-listed Fantasia Holdings became the first mainland developer to cut its sales target this year after it announced late last week that it had suffered a 68 percent fall in profits during the first half of 2014.
The Shenzhen-based… Read More>>
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>>
China’s Xi government took down the biggest trophy to date in its campaign against corruption, and the fall of former politburo member Zhou Yongkang can be attributed in part to a pattern of using political influence to win lucrative business… Read More>>
