Lender plans unusual loan sale on Chinese developer’s troubled NJ project
An affiliate of Chinese developer Hongkun is likely going to lose its marquee property overlooking the Hudson River. Lender...
China
The Latest
Chinese developer Hongkun faces foreclosure on luxury NJ condo
A luxury condo project overlooking the Hudson is headed to auction in the latest example of a Chinese developer...
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,...
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...
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