Top 50 Chinese developer Radiance Holdings defaulted on a $300 million bond on Wednesday, with that story leading Mingtiandi’s headline roundup today. Another troubled mainland builder, Sino-Ocean also makes the list as it predicts 2023 losses of up to $3.2… Read More>>
Hong Kong Home Prices Fell 6.8% in 2023 and More Asia Real Estate Headlines
The ongoing slide in Hong Kong’s housing market leads Mingtiandi’s roundup of headlines from around the region, with official figures for 2023 showing a 6.8 percent decline in prices. Also in the news, Blackstone has hired a Washington, DC veteran… Read More>>
China Aoyuan Receives Hong Kong Court Approval for Offshore Debt Restructuring Plan
China Aoyuan has received court approval in Hong Kong for the Guangzhou-based developer’s offshore debt restructuring plan after securing sanction from judges in the Cayman Islands and the British Virgin Islands last month.
Aoyuan hailed the “major milestone” in a… Read More>>
China Aoyuan Files for Bankruptcy in US Court and More Asia Real Estate Headlines
Mainland developer China Aoyuan has filed for Chapter 15 bankruptcy protection in New York, with that story leading Mingtiandi’s roundup of headlines from around the region. Also in the news, a Singapore residential redevelopment site sells for below its guide… Read More>>
Asia Real Estate People in the News 2023-11-04
One of Korea’s largest pension funds leads off this week’s review of personnel moves from around the region as the Seoul-based organisation chooses a new chief investment officer. Also making the list is a new finance chief for the owner… Read More>>
GIC Markets Half-Stake in $332M Perth Mall and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singaporean giant GIC seeks a buyer for its 50 percent stake in an Australian mall, and signs of weakness in China’s property market continue to mount as developers pull back on land buys…. Read More>>
Asia Real Estate People in the News 2023-05-01
Mingtiandi leads off its first set of people moves for May with the appointment of new leadership for one of Asia Pacific’s longest-standing investment strategies. Also making our list this week are board level moves at Ping An Insurance, China… Read More>>
Indian Billionaire Ambani Eyes Commercial Property and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Asia’s richest man sets sights on India’s commercial property market, Morgan Stanley is set to exit an India industrial development, China’s home sales reverse months of declines as demand recovers, and troubled developer… Read More>>
China Aoyuan Selling Stake in Property Management Unit for $32M
China Aoyuan Group has agreed to sell a 29.9 percent stake in its property management unit for HK$256 million ($32.6 million), as the Guangzhou-based developer continues to unload assets after defaulting on $1.09 billion in offshore debt last year.
Aoyuan… Read More>>
China Aoyuan Unloads Zhuhai Project Stake and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, developer China Aoyuan sells its controlling stake in a Zhuhai project as mainland-listed builders report their worst earnings in at least seven years.
Aoyuan Completes Disposal of 60% Stake in… Read More>>