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Shop Portfolio on the Market for $43M as Singapore Retail Rebounds

2022/07/13 by Beatrice Laforga Leave a Comment

A set of retail shops in one of the oldest shopping centres in downtown Singapore is on the market for S$60 million ($42.65 million) as the neighbourhood gets a lift from nearby rejuvenation projects like CapitaLand’s Funan mall.

Four strata… Read More>>

A set of retail shops in one of the oldest shopping centres in downtown Singapore is on the market for S$60 million … Read more>>>

China housing construction

China Homebuyers Stop Paying for Stalled Projects and More Asia Real Estate Headlines

China housing construction

2022/07/13 by Michael Cole Leave a Comment

Mainland China’s housing market leads Mingtiandi’s headline roundup again today as research by Citigroup finds that homebuyers across Asia’s largest economy have begun withholding payments on purchases in delayed projects. A Hong Kong developer also has some worrying news as… Read More>>

Mainland China’s housing market leads Mingtiandi’s headline roundup again today as research by Citigroup finds that … Read more>>>

Li Sze-lim R&F

R&F Wins Extension on $5.1B in Bonds in Asia’s Largest Real Estate Debt Restructuring

Li Sze-lim R&F

2022/07/13 by Michael Cole Leave a Comment

Guangzhou R&F said on Monday that it has won approval from holders of 10 sets of offshore bonds to restructure the terms of the debt obligations and give the financially troubled mainland developer additional time to pay off the notes.

… Read More>>

Guangzhou R&F said on Monday that it has won approval from holders of 10 sets of offshore bonds to restructure the … Read more>>>

CHFT's Alex Leung

URA Tender Closes for $305M Project in Hong Kong’s Western District

CHFT's Alex Leung

2022/07/12 by Pawara Laothamatas Leave a Comment

A tender for a residential project in Hong Kong Island’s Western district closed on Monday having drawn nine bids for the opportunity to build housing worth HK$2.4 billion ($305.7 million) in Sai Ying Pun, according to an announcement from the… Read More>>

A tender for a residential project in Hong Kong Island’s Western district closed on Monday having drawn nine bids for … Read more>>>

Pan Sutong

HK Court Orders Goldin’s Pan to Wind Up Holding Firm After $1B Default

Pan Sutong

2022/07/12 by Christopher Caillavet Leave a Comment

Hong Kong’s high court has ordered Pan Sutong to wind up his holding firm and file for bankruptcy after the mainland tycoon failed to repay HK$8 billion ($1 billion) borrowed five years ago to finance the privatisation of his Goldin… Read More>>

Hong Kong’s high court has ordered Pan Sutong to wind up his holding firm and file for bankruptcy after the mainland … Read more>>>

Hafary to acquire 11 shophouses on Lavender Street for S$71.28m

Row of Singapore Shophouses Sells for $50.6M and More Asia Real Estate Headlines

Hafary to acquire 11 shophouses on Lavender Street for S$71.28m

2022/07/12 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, a row of shophouses in Singapore’s Lavender Street sells for $50 million as an entire floor at the Suntec City office complex hits the market. Meanwhile, Frasers Hospitality Trust lays out contingency plans… Read More>>

In today’s roundup of regional news headlines, a row of shophouses in Singapore's Lavender Street sells for $50 million … Read more>>>

Hui Ka Yan

Evergrande Onshore Creditors Reject Extension of RMB 4.5B Bond

Hui Ka Yan

2022/07/11 by Christopher Caillavet Leave a Comment

Debt holders have denied a request by China Evergrande’s primary onshore unit to delay repayment of a RMB 4.5 billion ($670 million) bond, turning up the heat on the world’s most leveraged developer as it faces a winding-up threat in… Read More>>

Debt holders have denied a request by China Evergrande’s primary onshore unit to delay repayment of a RMB 4.5 billion … Read more>>>

Wheelock's Peter Woo

Wheelock Closes in on $2.5B Residential Project in Kowloon Bay

Wheelock's Peter Woo

2022/07/11 by Pawara Laothamatas Leave a Comment

Wheelock Properties is taking final steps toward building a HK$20 billion ($2.5 billion) residential project in Hong Kong’s Kowloon Bay, having reportedly submitted an application to redevelop an industrial property in the area into 1,782 new homes.

The developer controlled… Read More>>

Wheelock Properties is taking final steps toward building a HK$20 billion ($2.5 billion) residential project in Hong … Read more>>>

Zonghong Ou Ronshine

Ronshine China Holdings Defaults on $726M in Offshore Bonds

Zonghong Ou Ronshine

2022/07/11 by Christopher Caillavet Leave a Comment

Ronshine China Holdings has failed to make interest payments totalling $27.9 million on two sets of offshore bonds with a combined outstanding principal of $726 million, putting the mainland developer at risk of accelerated redemption.

Ronshine missed a 9 June… Read More>>

Ronshine China Holdings has failed to make interest payments totalling $27.9 million on two sets of offshore bonds with … Read more>>>

Singapore Industrial Investments Down 5% In Q2, Leasing Fell by a Third

2022/07/11 by Beatrice Laforga Leave a Comment

Prolonged global uncertainties and tight domestic supply are hitting Singapore’s industrial real estate market, pulling down property investment deals in the sector by 4.9 percent in the second quarter to S$661.5 million ($472 million) while tempering leasing activity by a… Read More>>

Prolonged global uncertainties and tight domestic supply are hitting Singapore’s industrial real estate market, pulling … Read more>>>

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