The new requirement will be enforced for a government land sale in the New Territories in the first quarter of 2022, as well as at another site to be sold by railway operator MTR Corp
High Court claim arises from “alleged events of default” under a credit agreement that includes certain non-payment events
Embattled developer with $19bn of offshore bonds in cross-default faces payments of $255m for its June 2023 and 2025 notes. News it has resumed work on 91% of projects failed to lift its stock.
Hong Kong property agents said buyers turned more cautious after prices hit a new peak, amid concerns that policy measures could be introduced to cool the market
Shanghai Shimao said it would be difficult to meet its 38 billion yuan ($5.96 billion) full-year sales target, as sales in the first 11 months totalled just 28.2 billion yuan
Chairman Hui Ka Yan vowed on Sunday to deliver 39,000 units of properties in December, but the group looks likely to default on a further $255m of bond payments due today
Evergrande claims it has resumed construction and decoration work at 115 projects, with its chairman vowing to deliver 39,000 completed home units by the end of this year
Evergrande boss Hui Ka-yan's stake in its property services unit has fallen to 58.18% from 60.96% after a forced sale of pledged shares by a third party, a stock exchange filing showed
Central Group, owned by the billionaire Chirathivat family, and Austrian investor Rene Benko's Signa own department stores in Germany, Italy, Denmark and Switzerland
Mitsubishi Estate venture announced a day after Quebec's provincial investment fund joined a $2 billion Japanese property deal
Chinese property developer said it's likely to default on notes worth $250 million that are due next month, which could trigger payments becoming due on all its public bonds
China's property developers may struggle to pay annual bonuses as local governments lock up funds and bond maturities double, says Nomura.