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Property Crisis

Property Crisis latest

China Evergrande evades liquidation, for now
December 4th, 2023 - 12:46 GMT

China Evergrande evades liquidation, for now

ALBAWABA – As China's property crisis continues, a long-awaited court hearing into the liquidation of China Evergrande Group in Hong Kong, slated for Monday, was adjourned to January 29, giving the struggling property developer some time to finalise a revamped debt restructuring proposal. The decision came as the world's most indebted developer, with more than $300 billion in liabilities, sought adjournment unexpectedly and unopposed by the petitioner's lawyer, according to ...
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China property stocks surge on Sunac rally, gov’t aid package
November 21st, 2023 - 01:49 GMT

China property stocks surge on Sunac rally, credit package

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