In today’s roundup of regional news headlines, China Evergrande hands over a set of unused plots to officials in Wuhan, the mainland securities watchdog reveals plans to improve the balance sheets of quality builders, and Hong Kong property agencies prepare… Read More>>
Perennial Gets $2.2B in Green Loans for SG Tower and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Singapore redevelopment project wins a record-setting green loan, Temasek Holdings admits to a $275 million hole in its portfolio after investing in troubled crypto exchange FTX, and mainland developer China Evergrande touts… Read More>>
Evergrande Hainan Resort Towers Repurposed and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, officials who seized an Evergrande resort in Hainan province aim to reposition the buildings for residential and commercial purposes, while in Singapore the volume of condo resale transactions resumes its decline after a… Read More>>
Evergrande Loses $770 Million on Sale of Hong Kong Plot Seized by Oaktree
China Evergrande Group shared some more bad news on Sunday when it announced a loss of approximately $770 million on a project in Hong Kong’s New Territories.
The troubled developer’s latest financial failure is a result of receivers appointed by… Read More>>
CapitaLand Reports 16% Jump in Fee Income and More Asia Real Estate Headlines
Encouraging results from Singapore’s biggest real estate enterprise lead today’s news as CapitaLand reports rising earnings across its lodging, fund management and property investment divisions. Also in the news, China makes more moves to prop up its property sector and… Read More>>
Evergrande Chairman’s $89M Hong Kong Mansion Seized by Creditor
Evergrande’s credit crisis is denting the personal fortune of its founder Xu Jiayin, with local records in Hong Kong showing that a HK$700M ($89 million) mansion on Hong Kong’s Peak previously owned by a company controlled by the property billionaire… Read More>>
S&P Goes Negative on GLP and GLP China and More Asia Real Estate Headlines
Scepticism of Chinese property companies may now be spreading even to the much admired logistics sector as a credit rating giant unveils a dimming outlook for GLP. Also in the news today, Evergrande has $4.5 billion of fresh debt trouble… Read More>>
Interest Rate Surge Hits Blackstone Earnings and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, investment giant Blackstone posts weaker third-quarter earnings, China Evergrande’s Hong Kong headquarters building reportedly draws dozens of prospective buyers, and mainland property stocks rally on relaxed financing rules.
Blackstone’s Profit… Read More>>
Evergrande Creditors Extend Deadline on Domestic Bond and More Asia Real Estate Headlines
Turmoil in mainland China’s property sector leads the real estate news from around the region again today as the country’s biggest developer gets more time to pay debts and two of the world’s largest credit agencies withdraw ratings on seven… Read More>>
Hong Kong Signals Property Tax Cut on the Way and More Asia Real Estate Headlines
Potential tax cuts in Asia’s most expensive housing market lead the region’s real estate headlines today and Hong Kong’s new chief executive looks for ways to stop a housing market in freefall. Also in the news, mainland China’s residential retreat… Read More>>
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