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Albert Yeung Emperor International

Deep Water Bay Home Sells for $111M in Hong Kong’s Priciest Deal This Year

Albert Yeung Emperor International

2022/06/28 by Pawara Laothamatas Leave a Comment

A luxury villa in Hong Kong Island’s Deep Water Bay sold on Sunday for HK$870.2 million ($110.8 million), according to public records, in the city’s priciest residential transaction this year.

With the market for Hong Kong high-end housing continuing to… Read More>>

A luxury villa in Hong Kong Island’s Deep Water Bay sold on Sunday for HK$870.2 million ($110.8 million), according to … Read more>>>

Agile Group chairman Chen Zhuolin (Source: Getty Images)

China’s Agile Gets Mezzanine Loan From Hong Kong Tycoons at 20%

Agile Group chairman Chen Zhuolin (Source: Getty Images)

2022/06/27 by Mingtiandi Team Leave a Comment

China’s 28th-largest developer is borrowing money at credit card interest rates as it struggles with declining sales and $1.16 billion in bond obligations due in the second half of this year.

Guangzhou-based Agile Group informed the Hong Kong exchange late… Read More>>

China’s 28th-largest developer is borrowing money at credit card interest rates as it struggles with declining sales and … Read more>>>

Robert Wallace FLCT

Frasers’ FLCT Buying UK Logistics Development From Stoford for $124M

Robert Wallace FLCT

2022/06/27 by Christopher Caillavet Leave a Comment

Frasers Logistics & Commercial Trust has agreed to acquire a logistics project in northwestern England for £101 million ($124 million), marking the Singapore-listed REIT’s fourth industrial investment in the UK.

FLCT is buying the property at Ellesmere Port in the… Read More>>

Frasers Logistics & Commercial Trust has agreed to acquire a logistics project in northwestern England for £101 … Read more>>>

Sime Darby Property managing director, Dato’ Azmir Merican

Logos, Sime Darby Reach First Closing of $250M Malaysia Development Fund

Sime Darby Property managing director, Dato’ Azmir Merican

2022/06/27 by Christopher Caillavet Leave a Comment

A joint venture of Logos and Sime Darby Property has achieved a first closing of its investment vehicle targeting development of logistics assets in Malaysia after securing 70 percent in capital commitments for a fund size of up to $250… Read More>>

A joint venture of Logos and Sime Darby Property has achieved a first closing of its investment vehicle targeting … Read more>>>

Evergrande Hit With Winding-Up Petition and More Asia Real Estate Headlines

2022/06/27 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, debt-stricken China Evergrande faces a winding-up petition in the Hong Kong high court, the Cheng family behind New World Development launches a buyout bid for fashion retailer Giordano, and Swedish clothier H&M closes… Read More>>

In today’s roundup of regional news headlines, debt-stricken China Evergrande faces a winding-up petition in the Hong … Read more>>>

Lu Yi Shimao

Asia Real Estate People in the News 2022-06-27

Lu Yi Shimao

2022/06/27 by Michael Cole Leave a Comment

A senior appointment by one of China’s crew of defaulting privately-controlled developers leads this week’s roundup of personnel moves on Mingtiandi, as Shimao Group gives additional responsibilities to one of its long-term leaders. KKR is also making some changes as… Read More>>

A senior appointment by one of China’s crew of defaulting privately-controlled developers leads this week’s roundup of … Read more>>>

Boustead chairman John Lim Kok-Min

Boustead Projects JV Picks Up Sin Capital’s Orchard Road Tower for $371M

Boustead chairman John Lim Kok-Min

2022/06/25 by Christopher Caillavet Leave a Comment

A joint venture led by developer Boustead Projects has agreed to acquire a mixed-use building near Singapore’s swanky Orchard Road for S$515 million ($371 million), taking advantage of a distressed-asset sale to pick up a prime property at a discount.

… Read More>>

A joint venture led by developer Boustead Projects has agreed to acquire a mixed-use building near Singapore’s swanky … Read more>>>

Country Garden Chairman Yang Guoqiang

Country Garden Downplays Moody’s Downgrade, Announces $411M Bond Buyback

Country Garden Chairman Yang Guoqiang

2022/06/25 by Mingtiandi Team Leave a Comment

Country Garden Holdings Co says its downgrade to junk by a major credit agency won’t impact its debt-servicing ability and financing capability. In a separate announcement on Thursday the company announced progress on an early redemption of an offshore bond… Read More>>

Country Garden Holdings Co says its downgrade to junk by a major credit agency won’t impact its debt-servicing ability … Read more>>>

Guo Ziwen Aoyuan

China Aoyuan to Sell 49% of Australia Unit at $170M Loss

Guo Ziwen Aoyuan

2022/06/25 by Christopher Caillavet Leave a Comment

Defaulting developer China Aoyuan has agreed to offload a large chunk of its Australia division to an entity controlled by one of the subsidiary’s executives, as the Guangzhou-based group joins the flow of Chinese companies exiting investments Down Under.

Aoyuan… Read More>>

Defaulting developer China Aoyuan has agreed to offload a large chunk of its Australia division to an entity controlled … Read more>>>

BlackRock to Double Singapore Space and More Asia Real Estate Headlines

2022/06/25 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, asset management champ BlackRock plans a major expansion in Singapore, private equity giant Blackstone completes its acquisition of Aussie casino operator Crown Resorts, and Fitch Ratings drops coverage of a Chinese homebuilder.

Read More>>

In today’s roundup of regional news headlines, asset management champ BlackRock plans a major expansion in Singapore, … Read more>>>

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