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>>
Hong Kong’s Central Sees Office Rebound as Decline Continues in Outlying Districts
Hong Kong’s recovering financial markets have rekindled office leasing demand in the city’s Central district, where rents began to inch upwards in recent weeks, at the same time that the outlook for the city’s secondary commercial hubs continues to look… Read More>>
Vanke Scrambles to Extend $283M in Onshore Bonds After Proposals Rejected
China Vanke said it plans to call a second bondholder meeting to seek solutions after creditors rejected all three proposals by the company for delaying repayment of a RMB 2 billion ($283 million) bond due 15 December.
China’s one-time largest… Read More>>
Vanke Seeks Second Bond Extension on $524M Onshore Note
China Vanke is requesting to extend a second onshore bond, with China’s once-largest developer seeking more time to pay back a RMB 3.7 billion ($523.6 million) note less than two weeks after signaling its first-ever domestic bond extension.
The builder,… Read More>>
Gaw Sells Chengdu Outlet Mall to Fund Backed by Vipshop, CPIC, MetLife for $220M
Gaw Capital Partners has sold an outllet mall from its portfolio to a new fund under its management, in a deal which prices the retail property in the city of Chengdu at RMB 1.56 billion ($220 million), according to an… Read More>>
Vanke Spooks Market with Plan to Delay Payment on $280M Onshore Bond
Bonds issued by China Vanke slumped on Tuesday after the indebted developer revealed a plan to extend repayment by one year for RMB 2 billion ($283 million) in onshore notes coming due in the middle of this month.
The state-backed… Read More>>
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