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Evergrande tycoon's ex-wife bought luxury homes as firm sank
The Straits Times
|June 21, 2025
The former wife of China Evergrande Group's chairman spent millions on luxury apartments in London, nine months after the country's once-largest property developer defaulted on its loans.
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HONG KONG -
A court document in January unveiled her ownership of 33 units at the high-end residential development Thames City, but did not state the timing of the purchase. The properties worth £49.8 million (S$86.3 million) were acquired in September 2022, according to data compiled by Bloomberg News based on British land registry filings.
That is almost a year after the Chinese authorities asked Evergrande chairman Hui Ka Yan to pay debt with his personal wealth.
Ms Ding Yumei holds the homes through five British Virgin Islands companies. She has hired Jones Lang LaSalle (JLL) as a letting and management agent, according to a British court filing in January.
The 68-year-old is living in one of the most expensive homes she bought, worth £5.4 million, with two of her children and two grandchildren, according to court filings.
This story is from the June 21, 2025 edition of The Straits Times.
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