Researchers say a property crash in China similar to the ones in Spain and the US during the global financial crisis could scar the global economy for years

Rating agency warns of first multi-year sales decline in Chinese property market's history

A property tax in China is likely to deter speculators and cool surging home prices that have created an affordability crisis in recent years, analysts say

Latest move counters rival, all-cash offer by Cuscaden Peak consortium, majority owned by companies linked to state fund Temasek

Group faces $148m in bond payments due on Wednesday and $255m due on Dec 28. Meanwhile, its EV unit says it plans to sell new shares to fund car production.

Pratip Chaudhuri was arrested at his Delhi home on October 30 over alleged role in sale of hotel project in Jaisalmer, Rajasthan

Expected reopening of boundary with mainland China after months of pandemic-related closure is likely to boost the city's real estate market

The move comes as parent group China Evergrande has reportedly found the funds for its latest payment deadline

The real estate group has the most offshore debt of any Chinese developer after Evergrande, which has liabilities of over $300 billion

The central bank's latest Financial Stability Report says the debt crisis in China's property sector could strain financial markets and affect the US by posing risks to global economic growth

The meeting between top officials and property developers and lenders came amid intensifying concern over a liquidity crisis in China's real estate sector

Some holders of US dollar bonds issued by Evergrande's Scenery Journey have reportedly not received interest due on Nov 6. That would have kicked off a 30-day grace period for payment.