Asia real estate and outbound investment news
Mainland China’s top real estate developers have seen a bountiful year despite a downtrend in the past three months, with 26 developers reporting contracted sales exceeding RMB 100 billion ($15.5 billion) through the first 11 months of the year.
According… Read More>>
China’s drive to reduce leverage has been in the headlines since last year, but not everyone seems to have heard the news, as developer China Evergrande Group just was approved to add more than $350 million in new debt in… Read More>>
The last working day in November sees one of Asia’s biggest homegrown private equity firms falling short in its bid to takeover a Hong Kong-listed REIT, while project owners in Singapore may be showing more confidence in the market as… Read More>>
The trials facing mainland corporates caught on the wrong side of Beijing policy changes loom large in today’s real estate headlines as Anbang and HNA try to sell off some of their harder-to-sell assets and mainstream developers face the prospect… Read More>>
Debt-laden developer China Evergrande announced on Monday that it had sold $1 billion in senior notes due in 2020, with the new paper carrying 11 percent interest rates.
The company said that the fresh tranche of bonds, which were issued… Read More>>
China Vanke has agreed to purchase six real estate projects in the provinces of Zhejiang and Jiangsu, as well as in the city of Chongqing, from a subsidiary of China Evergrande Real Estate, for a total of RMB 355 million… Read More>>
The Shenzhen government late last month posted a public notice of its plans to sell a 181,000 square metre (1,948,267 square foot) site in the southern part of the city’s Nanshan district, that is expected to bring the local government… Read More>>
Just one week after China Evergrande was reported to be shopping its most valuable offshore asset in return for a loan, the mainland’s most debt-happy developer has just sold $1.8 billion in bonds at interest rates of up to 13.75… Read More>>
A request from Jia Yueting’s Faraday Future asking an arbitrator to void its $2 billion investment agreement with a unit of Evergrande Health Industry Group was rejected late last week, keeping the unit of China’s largest property developer by sales… Read More>>
The mainland’s largest developer by sales in 2017, China Evergrande Group, is resorting to pawning its most valuable offshore asset in an effort to raise $1.5 billion to pay down its debt and make dividend payments, according to a Reuters… Read More>>
