Real Estate

• Wednesday, April 10th 2024 - 11:06 UTC

  Another major Chinese construction and real estate developer ready to fall

  

  China Construction Bank (Asia), a state owned financial institution filed a petition in Hong Kong to wind up the Shamao Group, after the Chinese real estate and construction developer failed to repay loans worth HK$1.58bn (US$ 201.8m; £159.7m).

• Friday, September 29th 2023 - 08:04 UTC

  China's leading property company again in financial trouble: debt of US$ 328 billion

  

  Trading of shares in Chinese property giant Evergrande and its two subsidiaries was suspended in Hong Kong on Thursday. A market statement on the Hong Kong Stock Exchange did not explain why trading in Evergrande Group's securities, and share certificates of Evergrande Property Services Group and Evergrande Electric Vehicle Group was halted.

• Friday, June 30th 2023 - 08:01 UTC

  Falklands Government acquires Stanley Growers provider of 90% of fresh vegetables and fruit

  

  Last 21 June it was announced that the Falkland Islands Government (FIG) would be acquiring Stanley Growers Limited and Stanley Nurseries and Garden Centre and the land which both businesses occupy, with the intention of managing the business for a time before selling it.

• Friday, June 23rd 2023 - 10:40 UTC

  Upheaval in UK mortgage market: banks and building societies to meet Chancellor Hunt

  

  Following on Thursday interest rate hike by the Bank of England, BBC is reporting that banks and building societies are to meet Chancellor Jeremy Hunt to discuss the upheaval in the mortgage market.

• Friday, March 31st 2023 - 16:04 UTC

  Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: see details

  

  The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments.

• Wednesday, November 9th 2022 - 10:40 UTC

  Montevideo is the most expensive city in Latin America, according to study by Argentine university

  

  The Torcuato Di Tella University together with Zonaprop, a real estate website, prepared a real estate report in which they made a ranking of the most expensive cities to live in Latin America, in which Montevideo appears as the most expensive of all.

• Monday, October 17th 2022 - 19:02 UTC

  Real estate prices fall in 90% of Buenos Aires

  

  According to a survey published by Buenos Aires' daily Ámbito, 90% of Buenos Aires' areas recorded a drop in the sale price of real estate property in September of 2022 when compared to the previous month.

• Monday, October 10th 2022 - 10:00 UTC

  Trump Tower in Punta del Este launched

  

  Uruguayan President Luis Lacalle Pou attended the opening this weekend of the luxurious Trump Tower in the exclusive beach resort of Punta del Este in the Department (province) of Maldonado. The project began ten years ago.

• Saturday, September 17th 2022 - 10:06 UTC

  Ambassador Stanley discusses strategic issues at Casa Rosada

  

  United States Ambassador to Buenos Aires Marc Stanley was welcomed Friday at Casa Rosada by Strategic Affairs Secretary Mercedes Marcó del Pont to discuss matters of bilateral interest.

• Tuesday, August 23rd 2022 - 10:01 UTC

  Home buyers rebellion in China: protestors in 100 cities refuse to pay mortgages on undelivered homes

  

  China is again facing a challenging real estate situation, with homeowners in different provinces refusing to pay mortgages on their undelivered, unfinished flats. This is happening only two months ahead of the Chinese communist party congress when comrade Xi Jinping is expected to confirm a third five-year term, following on the constitutional change of 2018 that scrapped presidential term limits.