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Yang Guoqiang Country Garden

China’s Biggest Developer Country Garden Warns of 70% Profit Drop

Yang Guoqiang Country Garden

2022/08/18 by Beatrice Laforga Leave a Comment

Country Garden Holdings says that its net earnings are likely to have plunged by as much as 70 percent in the first half of 2022, as China’s deepening real estate crisis hammers the country’s largest developer.

Guangdong-based Country Garden issued… Read More>>

Country Garden Holdings says that its net earnings are likely to have plunged by as much as 70 percent in the first half … Read more>>>

fuwei-c-bridge-capital

Healthcare Investment Boss Said Buying Mansion in Singapore’s Bukit Timah For $33M

fuwei-c-bridge-capital

2022/08/18 by Beatrice Laforga Leave a Comment

The chief executive of Singapore-based healthcare private equity firm CBC Group is reportedly buying a house in the city’s posh District 10 for S$45.5 million ($33 million), as luxury home prices continue to climb in Southeast Asia’s most expensive city.

… Read More>>

The chief executive of Singapore-based healthcare private equity firm CBC Group is reportedly buying a house in the … Read more>>>

Gerald Yong CapitaLand

New Directors Named for Singapore’s SPH REIT After Cuscaden Takeover

Gerald Yong CapitaLand

2022/08/18 by Mingtiandi Team Leave a Comment

Following its takeover by Temasek Holdings-backed investment firm Cuscaden Peak on 30 June, the manager of SGX-listed SPH REIT has named three new directors to its board, including Cuscaden chief executive Gerald Yong.

As part of a set of exchange… Read More>>

Following its takeover by Temasek Holdings-backed investment firm Cuscaden Peak on 30 June, the manager of SGX-listed … Read more>>>

China Probes Bank Real Estate Loans and More Asia Real Estate Headlines

2022/08/18 by Proud Channara Leave a Comment

China’s growing anxiety over its shaky real estate market leads our headline roundup today, with news emerging that the country’s main financial regulator is sifting through bank loan portfolios for risks. Also in the news, Hong Kong’s economic doldrums spell… Read More>>

China’s growing anxiety over its shaky real estate market leads our headline roundup today, with news emerging that the … Read more>>>

Tom Ko C&W

$409M Project Sale in Hong Kong’s Causeway Bay Linked to Shenzhen Developer

Tom Ko C&W

2022/08/17 by Pawara Laothamatas Leave a Comment

A 63-year-old building in Hong Kong’s Causeway Bay shopping district has been snatched up for HK$3.2 billion ($408.5 million) with local media reports linking the buyer to a mainland developer which plans to develop a “Ginza-style” office and retail project… Read More>>

A 63-year-old building in Hong Kong's Causeway Bay shopping district has been snatched up for HK$3.2 billion ($408.5 … Read more>>>

CICC Huang Zhaohui

CICC Expands into Kowloon’s ICC as Hong Kong Banking Evolves

CICC Huang Zhaohui

2022/08/17 by Pawara Laothamatas Leave a Comment

China International Capital Corporation (CICC) is leasing one and a half floors in Kowloon’s International Commerce Centre (ICC) against a backdrop of sliding rents and rising vacancy in Hong Kong’s office market.

The Hong Kong unit of banking giant CICC,… Read More>>

China International Capital Corporation (CICC) is leasing one and a half floors in Kowloon's International Commerce … Read more>>>

Singapore Private Home Sales to Slide After July Surge as Supply Dwindles

2022/08/17 by Beatrice Laforga Leave a Comment

Developer sales of private homes in Singapore rose 70.9 percent to 834 units in July from 488 homes sold in June. However, the upswing is expected to be short-lived, as analysts point to shrinking inventories and a limited… Read More>>

Developer sales of private homes in Singapore rose 70.9 percent to 834 units in July from 488 homes sold in June. … Read more>>>

Shan Weijian PAG

PAG Could Delay $2B Hong Kong IPO and More Asia Real Estate Headlines

Shan Weijian PAG

2022/08/17 by Proud Channara Leave a Comment

Asia’s roiling markets may have capsized an IPO expected to be among the biggest this year as reports emerge that PAG is backing away from its plan for a public listing. Also in the news, China Huarong Asset Management warns… Read More>>

Asia’s roiling markets may have capsized an IPO expected to be among the biggest this year as reports emerge that PAG is … Read more>>>

Xia Haijun, CEO of Evergrande

Evergrande, PwC Investigated Over Failure to Report $2B Loan Scheme

Xia Haijun, CEO of Evergrande

2022/08/16 by Iris Hong Leave a Comment

Hong Kong’s accounting watchdog has launched a probe into the property services arm of embattled developer China Evergrande and its erstwhile auditor PricewaterhouseCoopers, related to a RMB 13.4 billion ($2 billion) loan scheme that led to the developer firing its… Read More>>

Hong Kong’s accounting watchdog has launched a probe into the property services arm of embattled developer China … Read more>>>

Amit-Diwan HINES

Hines Set to Enter Mumbai Market with 30-Storey Office Project

Amit-Diwan HINES

2022/08/16 by Michael Cole Leave a Comment

Hines is taking on its first project in India’s commercial capital with the US developer and fund manager this week announcing plans for a 30-storey office development in Mumbai.

The Houston-based firm said the project, which is part of a… Read More>>

Hines is taking on its first project in India’s commercial capital with the US developer and fund manager this week … Read more>>>

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