For property giant Evergrande, the face of China’s real estate woes, an excruciating saga that has dragged on for years culminated on Thursday with court rulings ordering fines and jail terms.
China’s Property Crisis: From Evergrande Collapse to Spiraling Prices
Once one of the country’s biggest growth drivers, China’s property market has been in a downward spiral for five years. Real estate values continue to plummet, households in financial distress are …
Evergrande founder jailed for life after property giant’s $300B collapse
China Evergrande founder Hui Ka Yan received a life sentence for fraud, marking the end of the property giant’s tumultuous saga amid China’s real estate sector crisis.
China Evergrande founder sentenced to life in prison
HONG KONG, Aug 20 (Reuters) – The billionaire founder of China Evergrande Group, the world’s most-indebted property developer, was sentenced to life in prison on Thursday by a Chinese court, which …
Taiwan, Honolulu discuss Chinatown Cultural Plaza redevelopment
A Taiwan government delegation has agreed to launch a formal feasibility study for the long‑stalled redevelopment of the Chinatown Cultural Plaza, signaling the first movement forward after four years …
UAE property trends: 4 technologies changing how people buy, invest and live in real estate
UAE real estate is embracing tokenisation, agentic AI, investor platforms and air quality technology as developers target the next phase of property growth …
Cambodia’s banks nurse decade-high bad loans as property slump bites
By Ben Aris in Berlin Cambodia’s lenders are nursing their worst loan books in a decade, as a stalled property market squeezes a heavily dollarised banking sector already under US sanctions scrutiny.
Saudi Arabia’s Vision 2030: How Legal Reforms Are Reshaping the Business Landscape
The core premise of Vision 2030 was always about reducing Saudi Arabia’s reliance on oil revenue by building out sectors like tourism, entertainment, technology, manufacturing, and financial services.
Indian real estate resilient despite West Asia crisis: CareEdge report
India’s realty sector is set to remain resilient despite geopolitical tensions, says CareEdge. While construction costs may rise 2-3%, strong office leasing and developer balance sheets are expected …
Evergrande liquidators challenge Hong Kong watchdog in court
A Hong Kong court is set to hear arguments on whether a deal that set up a fund to compensate China Evergrande minority shareholders is valid.