scorecardresearch
Thursday, August 14, 2025
TopicProperty developers

Topic: Property developers

Singapore billionaire linked to corruption case pleads guilty, granted judicial mercy

Property tycoon Ong Beng Seng has pleaded guilty of obstructing justice in a case linked to the jailing of ex-transport minister S. Iswaran. Ong has been given judicial mercy on medical grounds.

China’s property giant Country Garden faces liquidation petition, deepening crisis in real estate sector

In a filing in the Hong Kong Stock Exchange Wednesday, the company announced that one of its creditors, Ever Credit Ltd., had filed a winding-up petition in the high court over non-payment of $204 million.

Amid unfolding real estate crisis in China, property giant Country Garden defaults on dollar bond

Country Garden has reportedly defaulted on $15.4 million dollar bond interest payment, a first. This comes 2 months after the Evergrande Group filed for bankruptcy.

Restrictions on home loans likely to worsen liquidity crunch in real estate sector

The National Housing Bank, India's housing regulator, has restricted certain mortgage-payment plans that developers typically use to push sales.

On Camera

Asim Munir wants to be guardian of the Middle East. He’s fated to fail at home

Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.