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  • Real Estate News

    Modern Land, another Chinese developer, is struggling to pay its debts

    October 12, 2021 /

    Fashionable Land is inquiring buyers for far more time to pay out again a $250 million bond, in accordance to a enterprise filing with the Hong Kong Inventory Trade on Monday. The payment was thanks October 25. Contemporary Land said it desires to extend that deadline to the conclude of January as it seeks to boost “liquidity and cash flow management and to stay away from any likely payment default.” The business mentioned in a individual submitting that Chairman Zhang Lei and President Zhang Peng intend to supply about 800 million yuan ($124 million) in loans to help the corporation. Shares in Present day Land fell far more than 2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}…

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    Jerry Schmidt Comments Off on Modern Land, another Chinese developer, is struggling to pay its debts

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    Real estate market hot in New Hampshire despite national supply increase

    Real estate market hot in New Hampshire despite national supply increase

    July 3, 2022
    Droves of people are moving out of Boston. Their top destination? Portland, Maine.

    Droves of people are moving out of Boston. Their top destination? Portland, Maine.

    November 4, 2022
    Bill Gates Hit By Housing Market Swoon? Billionaire Reportedly Lists Daughter’s Apartment At Discount

    Bill Gates Hit By Housing Market Swoon? Billionaire Reportedly Lists Daughter’s Apartment At Discount

    December 26, 2022
  • Real Estate News

    After Evergrande, Chinese developer Fantasia can’t pay its debts either. That’s stoking real estate fears

    October 6, 2021 /

    Fantasia Holdings, a Shenzhen-based developer, skipped repaying $206 million truly worth of bonds that matured Monday, the organization explained in a stock exchange filing. It is now evaluating “the prospective effect on the economical ailment and money placement of the group,” it extra. Individually, the residence management device of Country Back garden, China’s second greatest developer by revenue following Evergrande, claimed in a submitting that Fantasia had failed to repay a organization mortgage of about 700 million yuan ($109 million). Fantasia experienced informed the firm that it would likely “default on [its] external money owed,” Place Garden Expert services added. S&P and Moody’s slapped “default” credit rating ratings on Fantasia…

    read more
    Jerry Schmidt Comments Off on After Evergrande, Chinese developer Fantasia can’t pay its debts either. That’s stoking real estate fears

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    Citing ‘changing real estate market,’ Utah-based Homie lays off one-third of its staff

    Citing ‘changing real estate market,’ Utah-based Homie lays off one-third of its staff

    February 14, 2022

    China’s real estate uncertainties persist, fueling market anxiety

    November 26, 2021

    San Francisco Mansion Once Owned by Nicolas Cage Finds a Buyer

    December 24, 2021

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