China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Creditors of the two main property units in Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.
China Evergrande Group, the defaulted developer at the heart of China’s real estate crisis, falsely inflated revenue by more than $78 billion in the two years leading up to its failure, according to the nation’s top securities regulator.
Toronto penthouse
, Christie’s International Real Estate
Toronto’s housing market may have started to cool in recent months, but there are still plenty of expensive properties available for purchase.
Home sales across the Greater Toronto Area tumbled 40.4 per cent year-over-year in July, according to the Toronto Real Estate Board. The average selling price was $746,218 last month – almost 19 per cent below April’s peak of $920,791. But that’s still five per cent above year-ago levels.
Real estate portal Point2 Homes compiled a list of the priciest homes currently up for grabs in the GTA, using its own database in addition to information from other national portals.
“Toronto definitely has a lot to offer when it comes to high-end living. We wanted to dive into the hottest luxury real estate market in Canada today and see what extravagant housing is all about,“ Matthew Haines, vice president of Point2 Homes, said in a release.
For a look inside the city’s luxury market, here’s the list of Toronto’s most expensive homes up for sale:
Price: $17,880,000 Features: 6 bedrooms, 10 bathrooms, spa, formerly owned by Prince, 7-car garage, outdoor pool, beauty salon
6. 124 Park Road
Price: $17,700,000 Features: 5 bedrooms, 9 bathrooms, coach house with direct access to main house, was home to former Toronto Mayor George Geary from 1920s to 1950s