Bloomberg Billionaire Hui Ka Yan’s China Evergrande Group, which last week made a surprise entry into an ownership tussle for the nation’s largest residential developer, signaled its ambition to obtain control in another Chinese firm. Evergrande, which boosted its stake in Shanghai-traded Langfang Development Co. to 15 percent in the past four months, plans to further increase its holdings …

  Bloomberg Brexit is undermining the near-term outlook for the UK housing market, with both demand and sales dropping in July, according to the Royal Institution of Chartered Surveyors. The London-based group said new buyer inquiries fell for a fourth month, while its index of sales is pointing to the fastest decline in transactions since the global financial crisis in …

  Bloomberg According to real-estate website StreetEasy, 12 of the condos in Manhattan currently listed at over $20 million have had their prices cut by 5 percent or more in recent months, while only 2 of them have seen any increase in their listing price. Among the cuts is a condo at 1 Central Park South. It’s been on the …