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HONG KONG: A controversial security law that threatens to upend Hong Kong’s status as an Asian financial hub hasn’t slowed the world’s most expensive real estate market.
HONG KONG: China Evergrande Group, the country’s No 3 developer by sales, surprised the market on Sunday when it said it sold more than 99,000 units worth 102.7 billion yuan (US$14.7bil) online in February, boosted by aggressive promotions, despite the coronavirus outbreak.
BEIJING: New home prices in China grew at their weakest pace in nearly two years in January as the economy slowed and a fast-spreading coronavirus outbreak brought the country's property market to a standstill.
BEIJING/MANILA: The first death from the coronavirus outside of China was reported on Sunday and the Beijing government took steps to shore up an economy hit by travel curbs and business shut-downs because of the epidemic.
HONG KONG: Hong Kong’s corporate elite have come off the sidelines to oppose the violent protests that have disrupted businesses in the city and slashed billions of dollars off their market value.
SHANGHAI: Chinese developer bonds’ healthy run may be coming to an end.
NEW YORK: Chinese billionaire Wang Zhenhua was detained by Shanghai police, triggering an investor exodus from his real estate empire that erased more than $4 billion of market value and sent several of his companies’ dollar bonds tumbling.
PIECES of an electric car hang from the ceiling of the Chinese real-estate developer’s showroom, evoking an edgy installation at a modern art museum. In reality, they’re a symbol of the nation’s industrial ambitions.