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Sunac Chairman Sun Hongbin

Kaisa Says Shenzhen Govt No Longer Blocking Project Sales

Sunac Chairman Sun Hongbin

2015/04/09 by Michael Cole Leave a Comment

Scandal-rocked real estate developer Kaisa Group today announced that the Shenzhen government’s freeze on sales has been partially lifted at seven of the 11 projects that had previously been blocked by the authorities.

The ban on sales at Kaisa’s projects… Read More>>

Scandal-rocked real estate developer Kaisa Group today announced that the Shenzhen government's freeze on sales has been … Read more>>>

Hu Shuli Caixin

Disappearing Beijing Tycoon Accuses Newspaper of Corruption

Hu Shuli Caixin

2015/04/06 by Michael Cole Leave a Comment

Real estate tycoon Guo Wengui, who was accused in the press of using his connections with China’s security apparatus to bring down a Vice-Mayor of Beijing and have his rivals arrested, is now being sued for seemingly using his hardball… Read More>>

Real estate tycoon Guo Wengui, who was accused in the press of using his connections with China's security apparatus to … Read more>>>

Yang Guoqiang, Country Garden

Country Garden Raises $813M in Share Sale to Ping An Insurance

Yang Guoqiang, Country Garden

2015/04/05 by Michael Cole Leave a Comment

One of China’s top 10 developers replenished its cash supplies by selling HK$6.3 billion ($813 million) in new shares to Ping An Insurance as the country’s real estate companies grapple with a shortage of both customers and funds in 2015.

… Read More>>

One of China's top 10 developers replenished its cash supplies by selling HK$6.3 billion ($813 million) in new shares to … Read more>>>

Xu Jiayin bottled water

Fitch Dings Evergrande for High Leverage Levels

Xu Jiayin bottled water

2015/04/05 by Michael Cole Leave a Comment

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.

… Read More>>

China real estate developer Guangzhou Evergrande was singled out by credit agency Fitch Ratings this month for its high … Read more>>>

HK’s Link REIT Buys Beijing Mall for RMB2.5B

2015/03/26 by Michael Cole Leave a Comment

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>>

Hong Kong's Link REIT has acquired a Beijing shopping mall for RMB2.5 billion (US$403 million) in the first mainland … Read more>>>

Xu Jiayin Evergrande

Why the New York Times is Wrong About Evergrande’s $16B “Lifeline”

Xu Jiayin Evergrande

2015/03/19 by Michael Cole 2 Comments

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>>

International media from Bloomberg to the New York Times carried headlines today declaring that Evergrande Real Estate, … Read more>>>

Chen Hua Kingkey

Something’s Kingkey About China’s Latest Real Estate Corruption Case

Chen Hua Kingkey

2015/03/16 by Michael Cole Leave a Comment

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>>

Investigations into corrupt real estate deals in the southern Chinese city of Shenzhen seem to have spread to a second … Read more>>>

Corporate Avenue Hubin Lake

Shui On Land Puts Shanghai Office Tower on the Market for RMB 7.5B

Corporate Avenue Hubin Lake

2015/03/15 by Michael Cole 1 Comment

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>>

Shui On Land has reportedly put Corporate Avenue One, a prime commercial asset next to the Hong Kong-listed real estate … Read more>>>

Hui Wing Mau Shimao

Shimao Goes Back to Bond Markets for $300M in New Debt

Hui Wing Mau Shimao

2015/03/12 by Michael Cole Leave a Comment

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>>

Shanghai-based Shimao Property is heading to the international bond markets for the second time this year, as the real … Read more>>>

Kaisa bond restructuring

Kaisa Offshore Creditors Told to Wait 5 More Years

Kaisa bond restructuring

2015/03/09 by Michael Cole Leave a Comment

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>>

The international creditors of troubled real estate developer Kaisa Holdings may need to wait at least five more years … Read more>>>

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