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Cheung Kong Center II

ICBC Said Leasing 10 Floors in CK Asset’s Cheung Kong Center II in Hong Kong

Cheung Kong Center II

2023/08/16 by Mingtiandi Team Leave a Comment

After contracting by more than 420,000 square feet (39,000 square metres) in the first half of 2023, Hong Kong’s office market may be about to see its biggest lease of the year, with ICBC said to be preparing to sign… Read More>>

After contracting by more than 420,000 square feet (39,000 square metres) in the first half of 2023, Hong Kong’s office … Read more>>>

Alan Wu NWTN

Evergrande Sells $500M Stake in Electric Car Unit to Little-Known Startup

Alan Wu NWTN

2023/08/15 by Christopher Caillavet Leave a Comment

China Evergrande Group has struck a deal to sell a 27.5 percent stake in China Evergrande New Energy Vehicle to a little-known, Chinese-controlled car maker based in the United Arab Emirates for $500 million, as the electric car unit of… Read More>>

China Evergrande Group has struck a deal to sell a 27.5 percent stake in China Evergrande New Energy Vehicle to a … Read more>>>

Chen Hongtian of Cheung Kei

Receivers Launch Tender for Shenzhen Billionaire’s $269M Pad on Hong Kong’s Peak

Chen Hongtian of Cheung Kei

2023/08/14 by Michael Cole Leave a Comment

A Shenzhen tycoon’s trophy case may soon be stripped bare as receivers for the creditors of Cheung Kei Group chairman Chen Hongtian on Monday launched a tender for his former mansion on Hong Kong’s Victoria Peak.

Savills formally kicked off… Read More>>

A Shenzhen tycoon’s trophy case may soon be stripped bare as receivers for the creditors of Cheung Kei Group chairman … Read more>>>

Yang Guoqiang Country Garden

Country Garden Shares Hit All-Time Low After Developer Halts Onshore Bond Trading

Yang Guoqiang Country Garden

2023/08/14 by Kaycee Valmonte Leave a Comment

Country Garden Real Estate Group has shown signs of deeper financial challenges as the company halted trading of 11 onshore bonds beginning Monday, prompting investors to drive its shares to their lowest level since the company’s 2007 IPO.

Ranked as… Read More>>

Country Garden Real Estate Group has shown signs of deeper financial challenges as the company halted trading of 11 … Read more>>>

Lee Chee Koon of CapitaLand Group

CapitaLand Investment Sees Profit Drop 19% in H1 as Deals Dwindle

Lee Chee Koon of CapitaLand Group

2023/08/13 by Beatrice Laforga Leave a Comment

CapitaLand Investment Ltd’s profit after tax and minority interests plunged 19 percent to S$351 million ($260 million) in the first half of the year from S$433 million a year ago as a slow market for asset trades translated into smaller… Read More>>

CapitaLand Investment Ltd’s profit after tax and minority interests plunged 19 percent to S$351 million ($260 million) … Read more>>>

Kwek Leng Beng

CDL, UOL Report First-Half Profit Drops as Investment Gains Dry Up

Kwek Leng Beng

2023/08/13 by Christopher Caillavet Leave a Comment

City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom line at the Singapore-listed builders.

At CDL, net profit after tax and non-controlling interest plunged to S$66.5 million ($49 million)… Read More>>

City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom … Read more>>>

Yang Huiyan Country Garden

China’s Country Garden Warns of $7.7B Loss as Sales Slide

Yang Huiyan Country Garden

2023/08/13 by Kaycee Valmonte Leave a Comment

Country Garden Holdings, China’s largest developer by sales in 2022, warned late Thursday that it expects to report a loss of RMB 45 billion to RMB 55 billion ($6.26 billion to $7.65 billion) for the first six months of the… Read More>>

Country Garden Holdings, China’s largest developer by sales in 2022, warned late Thursday that it expects to report a … Read more>>>

Simon Treacy

CapitaLand Sets Up Second India Business Park Fund, Hits $273M in First Closing

Simon Treacy

2023/08/10 by Beatrice Laforga Leave a Comment

CapitaLand Investment (CLI) has raised S$368 million ($273.1 million) in a first closing for its second India business park development strategy as the Singapore property giant expands its private funds business in the world’s largest country.

CLI on Thursday announced… Read More>>

CapitaLand Investment (CLI) has raised S$368 million ($273.1 million) in a first closing for its second India business … Read more>>>

Hongkong Land chairman Ben Keswick

Hongkong Land Denies $2B Exchange Square Sale Plan as Savills Sends Flyers

Hongkong Land chairman Ben Keswick

2023/08/09 by Michael Cole Leave a Comment

The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of what seems to be a 33-storey mirage.

Property consultancy Savills has prepared a marketing document promoting Three Exchange Square in the… Read More>>

The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of … Read more>>>

Yang Guoqiang Country Garden

China’s Country Garden Misses Bond Payments Amid Cash Crunch

Yang Guoqiang Country Garden

2023/08/09 by Michael Cole Leave a Comment

Country Garden Holdings has missed interest payments on a pair of offshore bonds, pushing China’s largest developer by sales closer to formal default and raising the spectre of a fresh round of failures in the mainland’s property industry.

The Foshan-based… Read More>>

Country Garden Holdings has missed interest payments on a pair of offshore bonds, pushing China’s largest developer by … Read more>>>

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