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Zhang Yuliang of Greenland Group

S&P Downgrades Shanghai’s Greenland, Likens Bond Extension to Default

Zhang Yuliang of Greenland Group

2022/06/22 by Christopher Caillavet Leave a Comment

S&P Global Ratings on Wednesday downgraded Greenland Holding after judging the mainland developer’s payment extension on an offshore bond as a default in all but name.

The agency cut the long-term issuer rating on Greenland, whose controlling shareholder is Shanghai’s… Read More>>

S&P Global Ratings on Wednesday downgraded Greenland Holding after judging the mainland developer’s payment … Read more>>>

Ong Eng Yaw

UOBKH Says Sweetened Bid for Ong Family’s Hwa Hong Could Be Topped

Ong Eng Yaw

2022/06/22 by Christopher Caillavet Leave a Comment

UOB Kay Hian says the latest takeover bid for Hwa Hong Corporation is fair and reasonable, and while noting that recent moves by the SGX-listed firm’s board might help to boost value or bring a higher offer, recommended that shareholders… Read More>>

UOB Kay Hian says the latest takeover bid for Hwa Hong Corporation is fair and reasonable, and while noting that recent … Read more>>>

Chinese Developer Swaps Homes for Crops and More Asia Real Estate Headlines

2022/06/22 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, a Chinese developer resorts to taking crops as payment for homes, heavily indebted Evergrande gets a delisting alert from the Hong Kong bourse, and Singapore’s DBS extends a sizeable green loan to sovereign… Read More>>

In today’s roundup of regional news headlines, a Chinese developer resorts to taking crops as payment for homes, heavily … Read more>>>

wilson leung Angelo Gordon

Angelo Gordon Plans Redevelopment of Hong Kong Industrial Building as Data Centre

wilson leung Angelo Gordon

2022/06/21 by Pawara Laothamatas Leave a Comment

New York-based private equity group Angelo Gordon could be on its way to building a 20-megawatt data centre in Hong Kong’s New Territories, having last month submitted a second redevelopment application in three months to the city’s Town Planning Board,… Read More>>

New York-based private equity group Angelo Gordon could be on its way to building a 20-megawatt data centre in Hong … Read more>>>

Anthea Lee Keppel

Keppel DC REIT Buying Pair of Guangdong Data Centres for $210M

Anthea Lee Keppel

2022/06/21 by Beatrice Laforga Leave a Comment

Keppel DC REIT is buying a pair of data centres in Guangdong province for RMB 1.38 billion ($210 million) from Hong Kong-listed data centre operator Neo Telemedia, expanding its footprint in one of China’s major technology hubs.

The manager of… Read More>>

Keppel DC REIT is buying a pair of data centres in Guangdong province for RMB 1.38 billion ($210 million) from Hong … Read more>>>

China homebuyer

Fitch Sees China Home Sales Falling Up to 30% This Year as Confidence Erodes

China homebuyer

2022/06/21 by Christopher Caillavet Leave a Comment

Fitch Ratings has revised down its 2022 forecast for China home sales to a decline of 25-30 percent as COVID-19 lockdowns, developer defaults and crumbling consumer confidence continue to suppress buyer demand.

Sales in the world’s biggest housing market were… Read More>>

Fitch Ratings has revised down its 2022 forecast for China home sales to a decline of 25-30 percent as COVID-19 … Read more>>>

evergrande xu jiayin tb

Evergrande Restructuring Timetable Stays on Track and More Asia Real Estate Headlines

evergrande xu jiayin tb

2022/06/21 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, China Evergrande says it will unveil its restructuring scheme by the end of July as planned, as the debt-saddled developer receives new terms from the Hong Kong bourse to avoid a delisting. Meanwhile,… Read More>>

In today’s roundup of regional news headlines, China Evergrande says it will unveil its restructuring scheme by the end … Read more>>>

Justin Gabbani Lendlease

Lendlease, PGGM Form $780M APAC Innovation, Life Science Real Estate JV

Justin Gabbani Lendlease

2022/06/20 by Beatrice Laforga Leave a Comment

Australian developer Lendlease has teamed up with Dutch pension fund and asset manager PGGM in a S$1 billion ($720 million) strategy that will invest in innovation and life science properties across Australia, Japan and Singapore, according to a joint announcement… Read More>>

Australian developer Lendlease has teamed up with Dutch pension fund and asset manager PGGM in a S$1 billion ($720 … Read more>>>

Hannah Jeong HEAD OF VALUATION AND ADVISORY SERVICES APAC

Site in Hong Kong’s Wan Chai Draws 21 Bids for $382M Residential Project

Hannah Jeong HEAD OF VALUATION AND ADVISORY SERVICES APAC

2022/06/20 by Pawara Laothamatas Leave a Comment

The first government tender of a residential project in Hong Kong’s Wan Chai area in eight years closed on Friday with a flock of developers entering bids for the chance to develop housing worth nearly HK$3 billion ($382 million) on… Read More>>

The first government tender of a residential project in Hong Kong’s Wan Chai area in eight years closed on Friday with a … Read more>>>

Yan hao Jingrui

Jingrui Defaults on Four Offshore Bonds, Citing Lockdown-Induced Liquidity Crunch 

Yan hao Jingrui

2022/06/20 by Christopher Caillavet Leave a Comment

Jingrui Holdings has failed to make on-time interest payments on four sets of offshore bonds, with the developer blaming the defaults on the impact of China’s COVID-19 lockdown measures in the group’s home base of Shanghai and other key cities.

… Read More>>

Jingrui Holdings has failed to make on-time interest payments on four sets of offshore bonds, with the developer blaming … Read more>>>

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