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The Daily NewsBrief

The Daily NewsBrief

Real Estate Industry

Evergrande Ordered to Pay $1.1B Debt

August 1, 2022

Chinese real estate firm Evergrande, which is in financial trouble, reports that one of its subsidiaries has been sentenced to pay 7.3 billion yuan ($1.08 billion) in damages for breaching … Read more

Media Topic: Tags Credit and debt Debt market Financially distressed company Real estate Places: Places

Evergrande Ordered to Pay $1.1B Debt

August 1, 2022

Chinese real estate firm Evergrande, which is in financial trouble, reports that one of its subsidiaries has been sentenced to pay 7.3 billion yuan ($1.08 billion) in damages for breaching … Read more

Media Topic: Tags Credit and debt Debt market Financially distressed company Real estate Places: Places

Surfside Condo Collapse Site Sells For $120M To Trump Linked Developer

May 24, 2022

A Dubai billionaire and business partner of former United States President Donald Trump has bought the Surfside condo collapse site for $120 million. Hussain Sajwani, the owner of DAMAC Properties, … Read more

Media Topic: Tags Construction and property COURT Justice Real estate Structural failure Places: Places

Trading Halts for 33 Hong Kong Firms After Earnings Delay

April 2, 2022

The Hong Kong stock exchange suspended trading for 33 firms over a delay in declaring their annual earnings. Major Chinese developers Shimao Group, Sunac China, and Kaisa Group are among … Read more

Media Topic: Tags Business finance Market and exchange Stocks Places: Places

Singapore to Launch Incentive Scheme to Encourage Greening of Properties

March 8, 2022

Singapore will launch a S$63 million ($46 million) incentive scheme that will help owners retrofit their buildings to become more energy-efficient. The Green Mark Incentive Scheme for Existing Buildings 2.0 … Read more

Media Topic: Tags Commercial building Construction and property Environmental policy Government aid House building Places: Places

WeWork IPO’s at $9B Valuation

December 29, 2021

WeWork has started trading two years after an aborted IPO with a $9B valuation. WeWork, which had just finished merging with BowX Acquisition Corp was listed New York Stock Exchange … Read more

Media Topic: Tags Real estate Stock activity Stock flotation Stocks Places: Places

Fitch Downgrades Evergrande Group, Units to ‘Restricted Default’

December 9, 2021

Fitch Ratings announced on Thursday that it downgraded China Evergrande Group and its subsidiaries to “restricted default” after the heavily indebted developer had missed an important interest payment this week. … Read more

Media Topic: Tags Bankruptcy Business enterprise Credit rating Debt market Places: Places

Evergrande Braces for Debt Restructuring

December 6, 2021

China Evergrande Group had signaled that it is already planning to negotiate a debt restructuring with offshore creditors as it faces another potential default on Monday. Evergrande said in a … Read more

Media Topic: Tags BONDS Debt market Financially distressed company Real estate Places: Places

UK House Prices Rise More than Expected

December 1, 2021

Price of homes in the U.K. rose more than expected in November due to pandemic-driven demand and shortages in houses for sale, Nationwide Building Society said on Wednesday. Average home … Read more

Media Topic: Tags House and home Mortgage Prices Real estate Places: Places

Evergrande Founder Hui Ka Urged to Use Personal Wealth On Company Debt

October 28, 2021

Beijing has told the founder of the embattled Evergrande group to use his own money to lessen the company’s massive debt after the company’s crisis brought attention to billions of … Read more

Media Topic: Tags Bankruptcy Construction and property Corrupt practices Financially distressed company Real estate Places: Places
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