According to a recent government warning, the average waiting time for a public rental flat is on the rise again, hitting 5.6 years.
In the latest twist in the Evergrande saga, authorities have detained individuals connected to its money management segment.
On Monday, Country Garden had a crucial meeting with its creditors.
Late in 2021, a crisis started brewing in China's property market, and Evergrande, a once-powerful real estate player, found itself at the center of the storm
Country Garden is one of China's biggest property developers. It’s also one of the few private developers that hasn’t defaulted on any debt yet.
You know those sky-high office towers that have always been iconic to Hong Kong? Well, they're feeling pretty lonely these days.
Hong Kong has been dealing with a housing crisis for years.