Asia real estate and outbound investment news
Eagle Hospitality Trust took another step towards liquidation today as the Singapore-listed REIT revealed that 27 entities within its portfolio have filed for bankruptcy in the US.
In a filing to the SGX, DBS Trustee, which is looking after the… Read More>>
Shenzhen-based Kaisa Group Holdings has filed for bankruptcy in the US, in the latest chapter of the Hong Kong-listed developer’s attempt to restructure its debt obligations.
Kaisa, which single-handedly brought the offshore market for Chinese developer bonds to a halt… Read More>>
Woeful and wobbly real estate developer Kaisa Group Holdings revealed its plans for restructuring nearly RMB 48 billion ($7.6 billion) in debts to domestic Chinese creditors today, as the company claws its way back from the brink of default.
The… Read More>>
Kaisa Group, which defaulted on a $51.6 million loan last week, is said to have become the biggest of China’s real estate developers to go bankrupt today when the Hong Kong-listed company decided that it was ceasing all activities until it could… Read More>>
Troubled real estate investment firm Treasury China Trust continues to erode in value as its Irish-based erstwhile parent company recently was found to be insolvent and is to be wound up.
Shares in the the Singapore-listed company have dropped by almost… Read More>>
As the restrictions on China’s residential real estate market continue to hit home, two more privately owned developers filed for bankruptcy last week. These latest filings follow soon after Hangzhou Glory Real Estate filed for relief from its creditors on… Read More>>
