Savills has launched a fresh tender for the sale of the China Evergrande Centre in Hong Kong, just two weeks after receivers appointed by the defaulting developer’s creditors seized the Wan Chai office tower valued at around HK$9 billion ($1.15… Read More>>
Hong Kong’s Key Rate Jumps 75 Basis Points and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong’s de facto central bank raises its base rate to the highest level since March 2008, prompting the city’s finance chief to issue a statement downplaying the likelihood of a sharp property… Read More>>
Seizure of Evergrande Hong Kong HQ Confirmed and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the seizure of China Evergrande’s Hong Kong headquarters is confirmed by public records as the debt-saddled developer pledges to restart dozens of stalled projects. Meanwhile, New York-based SL Green announces its acquisition of… Read More>>
Lenders Move to Seize Evergrande’s Hong Kong Headquarters
China Evergrande’s struggle to pay its debts produced more drama this past week as lenders to the world’s most indebted developer took steps to seize its Hong Kong headquarters.
The unidentified lenders to Shenzhen-based Evergrande have appointed a receiver to… Read More>>
Mainland Court Sells Evergrande Stake in Shengjing Bank for $1.1B
Defaulting developer China Evergrande had its remaining 14 percent stake in Shengjing Bank auctioned off on Wednesday, with a consortium of seven mainland firms picking up the equity in the Shenyang lender with a winning bid of RMB 7.3 billion… Read More>>
Evergrande Winding-Up Case Kicked to November and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a court case on China Evergrande’s potential winding-up is adjourned until November, sales at a high-profile housing project in Hong Kong’s Kai Tak launch at a 10 percent discount, and Swire Properties zeroes… Read More>>
Vanke Property Services Unit Eyes $1.5B IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a property services unit of China Vanke lines up a billion-dollar IPO, Singapore-based GLP buys a California warehouse, and the Hong Kong bourse asks Evergrande to ensure management integrity before stock trading can… Read More>>
Evergrande Onshore Unit Delays Financials and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande’s onshore unit postpones reporting its interim financial results, private equity giant KKR backs away from a plan to sell a Seoul office block, and UBS cuts six bankers from its Hong… Read More>>
Evergrande Wind-Up Hearing Delayed One Week and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande continues its fight against a winding-up petition filed in a Hong Kong court, a tech park developer backed by Tsinghua University falls foul of its bondholders, and Singapore adds two 99-year… Read More>>
Country Garden H1 Profit Dives by Record 96% and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s top developer by sales posts a record profit decline, Hong Kong’s PAG agrees to buy a Dutch-themed Japanese theme park, and flustered Evergrande bondholders push their own debt restructuring plan.
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