Guangzhou R&F Properties, a former top 10 commercial developer in China and one of the country’s biggest homebuilders, has announced a delay in the release of its 2021 audited results for a third time this year.
The Hong Kong stock… Read More>>
Blackstone, KKR Said Bidding for Global Switch and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, data centre firm Global Switch reportedly draws takeover interest from a pair of private equity titans, US property giant Hines picks up a third build-to-rent site in Melbourne, and trading in Chinese developer… Read More>>
Ivanhoe Selling Canadian Mall to Chinese Investors and More Asia Real Estate Headlines
A pair of mainland investors who were fortunate enough to sell their Shenzhen mall to Link REIT three years ago for nearly $1 billion have just picked up their fourth shopping mall in the Vancouver area, with that story leading… Read More>>
Country Garden, Longfor, Midea Selling $295M in Bonds to Prop Up Industry
Mainland developers Country Garden Holdings, Longfor Group and Midea Real Estate Holdings announced plans Monday to issue domestic bonds, with the combined RMB 2 billion ($295.4 million) barrage of local financing seen by analysts as a government-sponsored attempt to stimulate… Read More>>
Zhongliang Gets Extension on $629.8M in Bonds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, mainland developer Zhongliang wins a repayment extension from holders of some of its offshore bonds, a GIC-backed venture completes the disposal of a San Francisco hotel, and the Singapore government puts three residential… Read More>>
New World Buying 6 China Logistics Properties From Goodman for $337.2M
Much of China’s economy may be locked down, but the country’s warehouse market remains active, with New World Development’s infrastructure investment subsidiary agreeing to purchase six mainland logistics properties from a fund managed by Australia’s Goodman Group for RMB 2.29… Read More>>
Sunac Pays Onshore Bond After Offshore Default and More Asia Real Estate Headlines
Sunac China Holdings showed its grasp of the politics of Chinese debt over the weekend, with the top-five mainland developer reportedly making payment on a local bond less than a week after defaulting on offshore notes. Also in the news,… Read More>>
China’s Zhongliang Seeks Extension on $729M in Bonds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Zhongliang Holdings has become the latest Chinese developer to seek extension for debt repayment as the property downturn persists in China and investors have deserted the Hong Kong office sector during the first… Read More>>
Sunac Misses Bond Deadline, Set to Default on $2.2B in Notes During May
Sunac China failed to pay $29.5 million in interest on $750 million in senior notes within a grace period that ended Wednesday, sending the mainland’s third-largest developer by contracted sales into default.
In a statement to the Singapore stock exchange,… Read More>>
Singapore Condo Project on Market for $681M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Singapore condominium relaunches its collective sale and new properties hit the Lion City market on Cecil Street and in Geylang. Also in the news, US flexible workspace provider Industrious expands in Asia… Read More>>