china evergrande

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China property crisis: Hong Kong court orders Evergrande and HNA units to liquidate

A key offshore financing unit of China Evergrande Group was ordered to wind up on Monday, while a court hearing…

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Home prices in China’s biggest cities stabilise under Beijing’s stimulus measures

New home prices across mainland China in December registered the smallest month-on-month decline since June 2023, propelled by Beijing’s stimulus…

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Creditors pursue court action against developers Evergrande, Shimao amid housing slump

Creditors are tightening the screws on two of China’s largest property developers, pursuing court action to retrieve money owed as…

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Shimao gets more time to restructure debt after beating back liquidation petition in court

Shanghai-based developer Shimao Group prevailed in a Hong Kong court decision to dismiss a creditor petition to liquidate the company,…

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Hong Kong property: Agile chairman Chen Zhuolin loses US$16 million in distress sale

Chen Zhuolin, the chairman of distressed mainland Chinese developer Agile Group, has sold all nine units he owned in a…

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Chinese developers, cities tempt homebuyers with perks like private-jet shares, residency

From private jets to permanent residency in major cities, cash-strapped developers in mainland China are offering increasingly aggressive incentives to…

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Unit of Chinese developer R&F Properties defaults on US$147 million in interest payments

Chinese developer R&F Properties said a subsidiary missed interest payments on offshore notes in another sign of escalating troubles for…

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