WeWork has formally filed for bankruptcy with that story leading today’s headline roundup as landlords brace for some lease renegotiations. Also in the news, defaulting mainland developer China SCE Group is shifting a Beijing mall to its property management unit… Read More>>
Country Garden Borrows $927M from Chairman and ICBC to Fill Cash Gap
Country Garden Holdings, the financially stressed Chinese real estate giant, has received a helping hand this week from the company’s co-chairman as well as the Industrial and Commercial Bank of China (ICBC) through two loans totalling $928 million.
China’s top… Read More>>
Evergrande Wind-Up Hearing Delayed One Week and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande continues its fight against a winding-up petition filed in a Hong Kong court, a tech park developer backed by Tsinghua University falls foul of its bondholders, and Singapore adds two 99-year… Read More>>
Vanke’s 60k Sqm Qianhai Project Now 80% Leased
Qianhai is Shenzhen’s answer to Shanghai’s Free Trade Zone, and investor enthusiasm for the special economic zone is already paying dividends for China Vanke.
According to a recent story in the South China Morning Post, a new 60,000 square metre… Read More>>
China’s Lenders Scaling Back Loans to Real Estate Industry
The cutback in credit to China’s property sector was spelled out by the country’s central bank on Friday, when new figures revealed that growth in loans dropped 1.57 percent in the first quarter of this year.
According to a statement… Read More>>
Today’s China Real Estate Links | February 21, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
Mainland China property developer Evergrande Real Estate Group Ltd. said Monday it plans… Read More>>