Unpaid Commissions and Housing Crisis: Centaline Property’s Challenges in Mainland China

Unpaid Commissions and Housing Crisis: Centaline Property’s Challenges in Mainland China

Jakarta – A property agent company from Hong Kong, Centaline Property, said that its unit in mainland China has a large amount of unpaid commissions so it cannot pay commissions to its employees. This is still related to reports of delayed payments to the unit by developers including Evergrande. Centaline’s remarks come as the worsening … Read more

Evergrande Bankruptcy Filing: Chinese Real Estate Giant’s Debt Crisis

Evergrande Bankruptcy Filing: Chinese Real Estate Giant’s Debt Crisis

Jakarta – Chinese real estate giant Evergrande, has officially filed for bankruptcy in a court in New York, United States of America. The company has a debt of nearly Rp 5,000 trillion. Evergrande is reported to have debts of up to US$ 330 billion or nearly Rp. 5,000 trillion. which is due. The default that … Read more