A mainland trust lender which lent to many of China’s developer’s has joined the country’s insolvency wave and that $37.5 billion shortfall leads today’s set of real estate headlines from around Asia. Also in the news, Hong Kong’s New World… Read More>>
Hong Kong Banks Struggle to Sell Foreclosed Homes and More Asia Real Estate Headlines
Hong Kong’s sliding residential market leads today’s collection of real estate headlines, with banks in Asia’s most expensive housing market struggling to find buyers for foreclosed properties. Also making the list is a UOL residential project in Singapore and an… Read More>>
Hong Kong-Backed Star Entertainment Sued for $270M by Brisbane Casino Contractor
Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort and casino project co-owned with Hong Kong-based partners Chow Tai Fook Enterprises and Far East Consortium.
The claim by Multiplex Constructions… Read More>>
Hong Kong-Backed Star Admits Aussie Casino Guilt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Aussie casino operator Star Entertainment owns up to illegally allowing chip purchases using credit cards, and Japan’s Star Asia REIT secures first dibs on a Tokyo student housing property.
FEC,… Read More>>
Asia Real Estate People in the News 2023-03-13
The passing of a global architecture giant leads this week’s round of personnel updates on Mingtiandi, as KPF mourns the death of one of its founders. Also making the list is a new chief executive for Singapore’s Surbana Jurong, a… Read More>>
Minnesota Gives Nod to Angelo Gordon Fund Boost and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Minnesota pension manager follows through on a planned commitment to an Angelo Gordon real estate fund, and Chinese home rental platform Ziroom reportedly mulls raising $1 billion from a Hong Kong IPO.
Chow Tai Fook, FEC-Backed Casino Operator Called Unfit to Operate $2.3B Brisbane Project
The operator of an A$3.6 billion ($2.3 billion) Brisbane casino project backed by Hong Kong heavyweights Chow Tai Fook Enterprises and Far East Consortium was found by an independent investigation to be unfit to run the controversial development.
A report… Read More>>
Investors Expect $130B in Losses on Chinese Bonds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, investors fret over billions in expected losses on Chinese developers’ offshore bonds, Shenzhen-based Logan Group’s shares nosedive as trading resumes on the Hong Kong stock exchange, and Ping An Insurance defends its call… Read More>>
PAG Could Delay $2B Hong Kong IPO and More Asia Real Estate Headlines
Asia’s roiling markets may have capsized an IPO expected to be among the biggest this year as reports emerge that PAG is backing away from its plan for a public listing. Also in the news, China Huarong Asset Management warns… Read More>>
Guangzhou R&F Shares Slide After $1.3B Loss Predicted and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Guangzhou R&F’s shares plunge after the developer issues gloomy guidance, the boss of an Aussie casino operator steps down over a failure to stop malfeasance, and Shui On Land’s stock surges on sterling… Read More>>