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By Business Insider on Feb 15, 2024 in: Real Estate, economy, property
The project is called "The Penn Platform" and was previously reserved for a 56-floor office tower.
By Business Insider on Jan 29, 2024 in: Real Estate, Economy, News, property, economy, news
Liquidators will take control of the company's assets and prepare to sell them in order to repay the company's debts — which total $300 billion.
By Business Insider on Jan 28, 2024 in: Real Estate, News, property
Evergrande, China's second-largest property developer, had $300 billion in debt. That's equivalent to 1.5% of China's GDP.
By Business Insider on Jan 16, 2024 in: Real Estate, property
Falling mortgage rates will fuel more demand and light inventory will keep prices elevated, one expert predicts.
By Business Insider on Jan 10, 2024 in: Real Estate, Economy, News, economy, property, news
"History shows that credit-fuelled real-estate booms do not end in a whimper," wrote Andrew Lawrence, the head of Asia property at GlobalData.TS Lombard.
By Business Insider on Dec 25, 2023 in: Economy, economy, property
An ongoing property-sector crisis, weakening domestic demand, and an eroding labor market all pose headwinds to the world's second-largest economy.
By Business Insider on Nov 22, 2023 in: Real Estate, Economy, News, property, news
The two luxury mansions in Hong Kong's prestigious The Peak neighborhood were pledged for an HK$821 million loan in late 2021.