Real Estate

Study Shows Half of China’s Big Cities Sinking, Rising Seas Risk

Multi-year satellite study finds 45% of big Chinese cities are subsiding over 3mm a year, with 16% sinking more than…

3 days ago

China’s Weak Consumer Spending is Holding World Back: IMF Chief

The International Monetary Fund’s managing director said Beijing needed to address its property crisis to give consumers more confidence to…

3 days ago

IMF Tips 3.2% Global Growth, Warns China on Property Crisis

IMF chief economist says China’s economy is strained by its property crisis and warns that domestic demand will stay weak…

5 days ago

China Sees Surprising GDP Growth, But Weak Demand in March

China saw 5.3% growth in the first quarter, well over analysts' expectations, but data on retail sales, industrial output and…

6 days ago

Vietnam to Execute Real Estate Tycoon for Record Fraud – AP

Truong My Lan was found guilty of fraud amounting to $12.5 billion – nearly 3% of the country’s 2022 GDP

2 weeks ago

Singapore Tightens Money Laundering Rules After $2.2bn Scandal

The biggest money-laundering case found in Singapore has led to officials tightening oversight, but small terms given to 2 men…

2 weeks ago

China Property Firm Shimao to Fight $202m Liquidation Suit

The ailing real estate giant is being sued over its failure to repay a loan to state-backed China Construction Bank…

2 weeks ago

PAG in 60% Buyout of Wanda Mall Unit in China for $8.3 Billion

Investors led by PE firm PAG have bought a 60% stake in property giant Dalian Wanda's mall unit, which runs…

3 weeks ago

China’s Big 5 Lenders Warn of Property Risks as Margins Shrink

Banks have been reluctant to deepen their exposure to the ailing real estate sector but regulators are pushing for speedier…

4 weeks ago

Shimao Bondholders Group to Vote Against Debt Revamp Plan

The creditors’ opposition to the proposal could be a major problem for the ailing property giant and China’s crisis-hit real…

4 weeks ago

China’s Country Garden ‘Hires Kroll For Liquidation Assessment’

Sources say China's biggest developer, which went into default in October with debts of $190 billion, has hired Kroll to…

4 weeks ago

China Presses Banks to Fast-Track Loans to Property Developers

Beijing wants its banks to “whitelist" selected real estate firms to help ease the sector's liquidity squeeze and encourage home…

4 weeks ago