Bid to buy 50.1% of Evergrande Property Services for HK$20 billion failed when embattled developer rescinded the sale

Developer wins a 3-month extension on maturity of a $260m bond, but it has scrapped a deal to sell a 50.1% stake in its property services unit to Hopson, so chances of it avoiding default look unlikely.

An office building, logistics park, plots of land and equity in financial companies are up for grabs

Hong Kong stock exchange filing says talks with Hopson Development Holdings were terminated last week

The property giant is desperately looking to raise funds to pay its many lenders and suppliers, as it teeters on the edge of a formal default on one of its international bonds

Chill in China's property market intensifies in the wake of tightening credit due to ongoing deleveraging and the crackdown on speculative investment.

China’s securities regulator will permit Dalian Wanda Group’s commercial property management unit to apply for a Hong Kong listing, Caixin...

Beijing said to prefer alternative measure involving state-provided affordable housing

The bond market has responded positively to comments from China's central bank saying the spillover effects from Evergrande's debt woes on the banking system were controllable

Real estate shares fell 2.6% on Monday, as Beijing pushed plans for a property tax and new data confirmed weakening in the troubled sector

China's new construction starts in September fell 13.5% from a year earlier, plummeting for the sixth straight month, including three double-digit declines, according to Bureau of Statistics data

The ailing property giant’s chief executive is said to be in Hong Kong for crucial meetings over restructuring and asset sales as the firm battles with $300bn of debt