Real Estate Management & Development Real Estate Development


  • NEW YORK, Oct 6- U.S. authorities arrested a former president of the United Nations General Assembly on Tuesday for engaging in a wide-ranging corruption scheme involving a billionaire Macau real estate developer and four other defendants. John Ashe, the U.N. ambassador from Antigua and Barbuda who was president in 2013, was accused in a complaint filed in New...

  • NEW YORK, Oct 6- U.S. authorities plan to announce charges in a corruption investigation involving United Nations officials and a billionaire real estate developer from the Chinese territory of Macau, a person familiar with the matter said on Tuesday. But the source said the charges related to last month's arrest of Ng Lap Seng, a Macau- based developer accused of...

  • Property stimulus: China cuts downpayments rule Wednesday, 30 Sep 2015 | 9:41 PM ET

    China will cut the minimum downpayment level for first-time home buyers in many cities, to boost the sluggish property market.

  • NEW YORK, Sept 29- A U.S. judge revoked bail on Tuesday for the aide to a billionaire real estate developer, after both men were arrested for lying about why they brought $4.5 million in cash into the United States while traveling from China. Jeff Yin, an assistant to Ng Lap Seng, had been set to be released on a $1 million bond and be placed under home confinement.

  • NEW YORK, Sept 29- A U.S. judge revoked bail on Tuesday for the aide to a billionaire Macau real estate developer who together are charged with lying about why they brought $4.5 million in cash into the United States over the last two years. Jeff Yin, an assistant to Ng Lap Seng, had been set to be released on a $1 million bond and be placed under home confinement at his...

  • NEW YORK, Sept 28- U.S. prosecutors will go to court on Tuesday to argue that a billionaire Macau developer's aide presents too much of a flight risk to be released on bail after he was arrested on charges of lying about why he and his boss brought $4.5 million into the United States. Jeff Yin, assistant to real estate developer Ng Lap Seng, was arrested with his boss on...

  • Indian real estate firm's $8.3B 'Ponzi scheme' busted Wednesday, 23 Sep 2015 | 11:15 PM ET

    India has slapped a $1.1B fine on a New Delhi real estate company which raised at least $8.3 billion from investors, the FT reports.

  • NEW YORK, Sept 22- The right-hand man to a billionaire Chinese real estate developer arrested by U.S. authorities for smuggling $4.5 million into the country has admitted the money was used to pay people for "unlawful activities," a federal prosecutor said. Jeff Yin, who worked for Macau developer Ng Lap Seng, made those statements during a post-arrest interview on...

  • Renters, get ready to take it on the chin Tuesday, 22 Sep 2015 | 1:21 AM ET

    Think rents are getting unaffordable? It's about to get even worse, a new study has found.

  • *CRRC, no. 1 global train maker, in XpressWest project. BEIJING, Sept 17- A unit of China's CRRC Corp, the world's biggest train maker by revenue, on Thursday joined a group of its domestic peers in agreeing a deal to help build a high-speed link from Las Vegas to Los Angeles, underlining the rail giant's lofty overseas ambitions. CRRC, formed from a state-driven merger of...

  • Sept 15- The Chinese contractor behind the nearly complete Baha Mar mega-resort in the Bahamas scored a victory over the project's developer on Tuesday with the dismissal of the resort's U.S. Bankruptcy in favor of proceedings in the Bahamas. "Many stakeholders in the project would expect that any insolvency proceedings would likely take place in the Bahamas,"...

  • Check out India's most expensive-ever mansion Monday, 14 Sep 2015 | 9:37 PM ET
    A view of the seaside mansion which was used as the U.S. consulate from 1957, and later renamed Lincoln House, is seen in Mumbai, India, September 14, 2015. Vaccine billionaire Cyrus Poonawalla has bought the former maharaja's mansion in Mumbai from the U.S. government for around 7.5 billion rupees ($113 million), newspapers reported, making it the most expensive ever residential purchase in the country.

    A sprawling seaside mansion in Mumbai has been sold for $113M in the most expensive residential property deal in India's history, the FT reports.

  • BlackRock: China malaise means good property deals Monday, 7 Sep 2015 | 9:14 PM ET
    BlackRock Inc. headquarters in New York City.

    BlackRock is ready to increase its China real estate portfolio exposure as it sees good entry points following weakness in the nation's economy.

  • Aug 17- The opening of the $3.5 billion Baha Mar mega-resort in the Bahamas is expected to be delayed beyond the start of the Christmas season, with the developer deep in an escalating legal battle with the Chinese companies that are providing most of the finance and construction work. Even if construction on the unfinished resort resumed this month, there is...

  • Why the yuan may deck Singapore property stocks Thursday, 13 Aug 2015 | 7:31 PM ET

    Singapore's property shares, already hit by expectations of rising rates, took a beating after China devalued its currency and more pain may be ahead.

  • Commercial real estate booming Thursday, 13 Aug 2015 | 6:00 AM ET
    Commercial real estate booming

    Commercial real estate sales and prices are surging, and starting to raise worries of a bubble.

  • Vietnam's property miracle: bust to boom in 4 years Sunday, 2 Aug 2015 | 7:51 PM ET
    The skyline of the downtown area, Ho Chi Minh City, Vietnam.

    Vietnam is riding into another property boom, with construction starting in Ho Chi Minh City on two of the world's tallest skyscrapers.

  • China’s weakened property market could hit banks: S&P Wednesday, 29 Jul 2015 | 7:19 PM ET

    China's property market slump could hit the banks according to ratings agency S&P, in the latest warning to the world's second largest economy.

  • Paris approves first skyscraper in 40 years Wednesday, 1 Jul 2015 | 11:23 AM ET
    A mock-up of the Tour Triangle, Paris' first skyscraper approved in over 40 years.

    Paris has approved its first skyscraper in over 40 years, a controversial 590-foot building in the south of the city.

  • Have Singapore’s luxury homes hit rock bottom? Wednesday, 17 Jun 2015 | 10:01 PM ET
    A private condominium stands above a Chinese temple next to the business district in Singapore.

    Overbuilding in Singapore's luxury homes spurred a flurry of doomsday scenarios, but prices may have already bottomed, with buyers starting to nibble.