China real estate developer Guangzhou Evergrande was singled out by credit agency Fitch Ratings this month for its high levels of leverage and aggressive sales forecast, as lenders begin to look more closely at the risks facing Chinese property companies.
Hong Kong’s Link REIT has acquired a Beijing shopping mall for RMB2.5 billion (US$403 million) in the first mainland acquisition by Asia’s largest real estate investment trust.
Link REIT announced the deal to purchase the 74,000 square metre (800,000 square… Read More>>
International media from Bloomberg to the New York Times carried headlines today declaring that Evergrande Real Estate, a Guangzhou-based developer noted for its aggressively leveraged balance sheet, had just received 100 billion yuan ($16 billion) in new credit to prop… Read More>>
Investigations into corrupt real estate deals in the southern Chinese city of Shenzhen seem to have spread to a second major developer today, as the company behind the city’s tallest tower is said to be under investigation.
Shenzhen Kingkey Group,… Read More>>
Shui On Land has reportedly put Corporate Avenue One, a prime commercial asset next to the Hong Kong-listed real estate developer’s landmark Xintiandi project in Shanghai, on the market for approximately RMB 7.47 billion ($1.2 billion).
The potential sale of… Read More>>
Shanghai-based Shimao Property is heading to the international bond markets for the second time this year, as the real estate developer seeks to improve its liquidity and finance both existing and new projects during China’s property downturn.
In this latest… Read More>>
The international creditors of troubled real estate developer Kaisa Holdings may need to wait at least five more years to get back what’s owed to them, and can expect to earn much less than what they signed up for.
This… Read More>>
Woeful and wobbly real estate developer Kaisa Group Holdings revealed its plans for restructuring nearly RMB 48 billion ($7.6 billion) in debts to domestic Chinese creditors today, as the company claws its way back from the brink of default.
The… Read More>>
Chinese real estate developer Country Garden Holdings sold a $900 million five-year bond on Thursday as the Guangzhou-based firm continues to restructure its financing in the face of China’s property slowdown.
The top-ten China developer’s latest bond issue was priced… Read More>>
China’s largest real estate developer by sales now wants to jump into Internet finance, giving return-hungry investors a chance to held the giant state-owned enterprise fund its projects.
In an announcement in Hong Kong, the COO of Greenland Hong Kong,… Read More>>