National Issue
Oceanwide battles to hang on to LA megaproject
Oceanwide wanted the American dream. And it wanted it from coast to coast — Manhattan to L.A. The firm,...
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National Weekend Edition
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
Hong Kong businesses that clung to life throughout the pandemic face the end of the line as they struggle with rising operating costs, supply...
National Weekend Edition
Chinese property buyers flock to Metaverse as nation’s IRL market sags
Chinese property buyers are flocking to the Metaverse as the nation’s real-life real estate market sags and developers such...
National
Evergrande defaults for first time
A moment six months in the making finally came to pass as Evergrande was labeled in “restricted default” following two missed coupon payments on Monday. Fitch Ratings cut the Chinese developer’s rating on Thursday,...
National
Ex-Goldman banker bets $245M on distressed China property debt
It was only a matter of time: Months after Chinese property markets imploded, a former Goldman Sachs banker is...
National Weekend Edition
Chinese regulators ease some real estate controls
Chinese regulators are easing some restrictions on bond sales by real estate firms and developers, though they aren’t pulling...
Weekend Edition
China tells Evergrande founder to repay debt on his own
Chinese authorities have a message for Hui Ka Yan, the founder of Evergrande: The buck stops with you. Chinese...
New York
New home prices in China’s largest cities fall for first time since 2015
Prices for new homes in China’s largest cities fell month-over-month in September for the first time since 2015. Prices...
National Weekend Edition
Evergrande isn’t only Chinese developer in deep debt
China Evergrande Group isn’t the only Chinese developer with mounting debt problems. Fantasia Holdings Group missed a $205.7 million...
National Weekend Edition Weekend Edition
Evergrande posts photos of workers at dozens of job sites as troubles mount
China Evergrande Group, whose $300 billion of liabilities make it the world’s most indebted developer, tried to reassure investors...
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