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China Huarong gets state-led bailout after $21.7b loss

China Huarong gets state-led bailout after $21.7b loss

by Third Party | Aug 26, 2021 | Industry Updates, News/Current Events

Source: Straits Times  —  Government-backed investors will recapitalise China Huarong Asset Management after the bad-debt manager posted a record US$15.9 billion (S$21.7 billion) loss, ending months of speculation over whether Beijing would deem the troubled...
Singapore has bought almost $20 billion worth of Australian real estate in the last two years, eclipsing China

Singapore has bought almost $20 billion worth of Australian real estate in the last two years, eclipsing China

by Third Party | Aug 26, 2021 | Industry Updates, News/Current Events

Source: Business Insider —  Known colloquially as the Little Red Dot, Singapore is well and truly punching above its weight when it comes to Australian real estate. In the two years to July 2020, Singaporean investors bought up $19.3 billion worth of Australian...
Once listed at $195 million, the famed Hearst estate is hitting the auction block

Once listed at $195 million, the famed Hearst estate is hitting the auction block

by Third Party | Aug 25, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: LA Times —  In 2016, Southern California real estate soared to new heights with the $100-million sale of the Playboy Mansion. The market-defining deal was the largest in L.A. County history at the time, and soon after, owners of iconic California estates...
Real-estate listing in Washington shows ‘knight’ enjoying home’s amenities, using toilet in full armor

Real-estate listing in Washington shows ‘knight’ enjoying home’s amenities, using toilet in full armor

by Third Party | Aug 23, 2021 | Industry Updates, News/Current Events, Real Estate Agent Tools

Source: WANE —  It’s a home fit for a king — or at least a very domestic knight. A real-estate agent in Washington is having a bit of fun with the listing photos for his latest Spokane-area property, most of which show a fully armored “knight” enjoying the...
NDP outlines plan to make Canadian real estate more affordable

NDP outlines plan to make Canadian real estate more affordable

by Third Party | Aug 23, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Sports Yahoo —  A new Maru public opinion poll found that improving the cost of living and affordability is the top election issue on the minds of Canadians. The New Democratic Party says it has a plan to tackle a big contributor, housing affordability....
São Paulo’s QuintoAndar real estate platform raises $120M, now valued at $5.1B

São Paulo’s QuintoAndar real estate platform raises $120M, now valued at $5.1B

by Third Party | Aug 23, 2021 | Industry Updates, News/Current Events

Source: Tech Crunch —  Less than three months after announcing a $300 million Series E, Brazilian proptech QuintoAndar has raised an additional $120 million. New investors Greenoaks Capital and China’s Tencent co-led the round, which included participation from...
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