China Vanke has secured fresh credit support from its largest shareholder, Shenzhen Metro, with the embattled developer also winning approval from bondholders to partially defer repayment on two yuan-denominated bonds, in signs that the company may be winning fresh support… Read More>>
LVMH’s DFS Group Sells Hong Kong, Macau Business to China’s CTG for Up to $395M
Luxury travel retailer DFS Group has agreed to sell its Greater China business to China Tourism Group Duty Free for not more than $395 million as the LVMH unit continues to downsize.
CTG Duty Free, which is listed on both… Read More>>
China Cuts Commercial Property Down Payment Requirements to Boost Market
Chinese financial regulators announced on Saturday that they will cut the minimum down payment percentage for commercial property mortgages from the current 50 percent down to 30 percent in their latest move to shore up the sector.
The move aims… Read More>>
Emperor Sells Pair of Luxury Villas on Hong Kong’s Shouson Hill at 44% Off
A pair of villas in Hong Kong Island’s Deep Water Bay have sold for about 44 percent below the 2022 price for homes in the luxury project as buyers continue to scoop up bargains in the city’s high-end housing market.
JD Launches Buyout of Shanghai-Listed Deppon Logistics at 35% Premium
JD Logistics is proposing to privatise Deppon Logistics by the shares it does not yet own in the Chinese shipping company from minority shareholders at a 35 percent premium, as the logistics arm of Chinese e-commerce giant JD.com seeks to… Read More>>
Fosun Sells Half-Stake in Shanghai’s Andaz Xintiandi Hotel for $5M
There have been numerous reports of declining property values in China, but a transaction late last month may provide the first example of a near half-stake in a Shanghai five-star hotel trading for the cost of an upscale condo.
Metro… Read More>>
Distressed Hong Kong Investor Sells Top Floor of BOA Tower for a Third Off 2018 Record
Hong Kong property investors continue to suffer from the decline of the city’s commercial real estate values, with a cash-strapped player recently parting with a floor in the Bank of America Tower for more than a third less than the… Read More>>
Morgan Stanley Says China Home Prices Could Drop Another 3% in 2026
Analysts at Morgan Stanley see China’s housing slump continuing this this year, with experts from the US investment bank predicting that new home prices could drop another 2 to 3 percent as the government continues to take a reactive approach… Read More>>
Blackstone-Backed Horizon Industrial Parks, Bagmane File for India REIT IPOS
Blackstone is set to add two more India REITs to its growing portfolio of listed real estate trusts in the country after separate companies backed by the US fund management giant filed draft IPO prospectuses on Monday and Tuesday of… Read More>>
Casino King Lawrence Ho Sells Hong Kong Home to Mainland Tech Magnate at 2010 Price
Casino magnate Lawrence Ho has avoided joining the ranks of troubled Hong Kong tycoons selling assets at a loss, with the chairman of Melco Resorts and Entertainment having sold his home in the city’s exclusive Deep Water Bay area for… Read More>>
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