Mingtiandi

Asia real estate and outbound investment news

Evergrande Lowballs Bond Holders With Buyout Offer

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Evergrande Real Estate Group, one of China’s five largest real estate developers is adopting an aggressive approach to renegotiating its current debt commitment as the nation’s real estate firms search for ways to continue to financing their businesses amidst a government crackdown.

The company made a controversial compensation offer to existing bondholders recently, which appears aimed at making it easier for the Guangzhou-based firm to take on further debt.

Evergrande Real Estate Group, one of China's five largest real estate developers is adopting an aggressive approach to … Read more>>>

Blackstone Close to Completing Takeover of HK Developer Tysan

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Blackstone Group has effectively taken over control of Hong Kong-listed real estate developer Tysan Holdings by buying up 71 percent of the shares in the company, as the global private equity giant seeks easier access to China real estate opportunities.

According an annoucement in the Shanghai Securities News, Blackstone acquired 65.5 percent of the shares on January 3rd for HK$1.64 billion ($211.5 million)

Blackstone Group has effectively taken over control of Hong Kong-listed real estate developer Tysan Holdings by buying … Read more>>>

Developer Wanda Plans 24 New Malls and 18 More Hotels in 2014

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Dalian Wanda, the conglomerate controlled by China’s richest man, Wang Jianlin, has made outlandish headlines a routine occurrence in recent months, however, the company’s recent announcement of plans to add 24 new shopping malls within the next year, as well as 18 new five-star hotels, seems a bit crazy.
Even for a company that recently decided to take on Mickey Mouse, with plans for an amusement park in Wuxi that Wang challenged observers to compare “head to head with Shanghai Disney in terms of park visitors, and amount of revenue and see who is better.”

Dalian Wanda, the conglomerate controlled by China's richest man, Wang Jianlin, has made outlandish headlines a routine … Read more>>>

Standard & Poor’s Upgrades China’s Real Estate Industry for 2014

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China’s real estate industry is on firmer footing compared with a year ago, said Standard & Poor’s Ratings Services in a report on Monday.

Developers registered record sales growth and enjoyed financing windows that led bond issuance to double in 2013. In the past two weeks, more than a dozen municipalities across China have taken steps to cool their markets, as housing prices continued to rise.

China's real estate industry is on firmer footing compared with a year ago, said Standard & Poor's Ratings Services … Read more>>>

Li Ka-shing’s Son Richard to Sell Beijing Property for $900M

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The real estate arm of Richard Li’s PCCW announced this week that it is close to selling a Beijing office building for a price put by sources close to the deal at US$900 million, as the Hong Kong princeling follows his father’s lead in selling off China property assets.

The move by Hong Kong based Pacific Century Premium Developments Ltd (PCPD), follows soon after the younger Li’s father, Li Ka-shing sold the Nanjing IFC in eastern China’s Jiangsu province on January 1st

The real estate arm of Richard Li's PCCW announced this week that it is close to selling a Beijing office building for a … Read more>>>

Evergrande Jumps into Water Biz with RMB5.7B in Orders

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Not content with being China’s second largest real estate developer or winning the AFC Champions League soccer crown, Guanzhou-based Evergrande Group announced orders worth RMB 5.7 billion ($940 million) for its new bottled water brand, Evergrande Spring over the weekend.

At a ceremony in the city of Qingyuan in Guangdong, the company’s chairman, Xu Jiayin announced plans to…

Not content with being China's second largest real estate developer or winning the AFC Champions League soccer crown, … Read more>>>

China Developer Poly Real Estate Reports 27 Percent Profit Jump

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Poly Real Estate Group, China’s second-largest property developer by market value, announced on Thursday that its net profits for 2013 surged 27.63 percent year on year to 10.77 billion yuan (1.77 billion U.S. dollars).

The company’s business income rose 34 percent from one year earlier to 92.33 billion yuan last year, it said in a report filed to the Shanghai Stock Exchange.

Poly Real Estate Group, China's second-largest property developer by market value, announced on Thursday that its net … Read more>>>

Greenland Holding Could IPO in 1st Half of 2014

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China’s Greenland Holding Group could complete its domestic listing by the first half of this year, its chairman said on Friday.

Such a move—which would require government approval—could make the acquisitive state-controlled company the first property developer to list on mainland China since 2010.

China's Greenland Holding Group could complete its domestic listing by the first half of this year, its chairman said on … Read more>>>

Booming Tech Firms Redrawing China’s Office Map

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China’s tech industry has been growing at double-digit rates for many years now, and the expansion of the country’s technology giants has started to have an impact on the office real estate market.

Examining the effect of the industry on Beijing’s Zhongguancun, a centre for high-tech firms, the Wall Street Journal finds that,

China's tech industry has been growing at double-digit rates for many years now, and the expansion of the country's … Read more>>>

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