In today’s roundup of regional news headlines, Singapore’s International Plaza building launches the city’s biggest-ever collective sale, Hong Kong’s Nan Fung acquires an office building in Boston’s Chinatown, and SGX-listed CDL Hospitality Trust enters a deal to invest in a… Read More>>
In today’s roundup of regional news headlines, Ping An is reportedly under scrutiny by China’s government about some of the giant insurer’s property investments, while the world’s most indebted developer, China Evergrande, posts a 29 percent drop in first-half net… Read More>>
In today’s roundup of regional news headlines, South Korea pauses warehouse development as lawmakers work on upgrading safety standards after a June fire, Singapore-listed Keppel DC REIT announces plans to sell an Australian data centre, and developer Sino Land’s profit… Read More>>
Hong Kong-listed China Evergrande’s share price fell 7.2 percent Thursday after the cash-strapped developer issued a warning Wednesday night that the group’s first-half net profit would plunge somewhere between 29 and 39 percent from a year earlier.
In a filing… Read More>>
Struggling mainland developer China Evergrande leads the news again today, with reports of yet another potential asset sale, as sources in Hong Kong indicate that the company is in discussions to sell a New Territories residential project for around $1… Read More>>
Embattled mainland developer China Evergrande Group is in talks to sell its largest single property asset for around $2 billion, according to sources familiar with the discussions who spoke with Mingtiandi.
Yuexiu Property, a branch of the local government of… Read More>>
Hong Kong-listed China Evergrande’s share price fell 4.3 percent Tuesday on news that the embattled developer’s chairman, Xu Jiayin, had stepped down from the chairmanship of Hengda Real Estate, the Shenzhen-based group’s main property unit in China.
Xu is no… Read More>>
A potential Korean mega-deal leads today’s roundup of real estate headlines, as Singapore’s ARA Asset Management is reported to be readying the sale of an office building in a Greater Seoul tech cluster.
China Evergrande also makes… Read More>>
After China Evergrande New Energy Vehicle Group issued a warning this week that its first-half net loss was expected to nearly double from a year earlier, the car maker’s parent firm — debt-saddled developer China Evergrande — has confirmed that… Read More>>
In today’s roundup of regional news headlines, China Evergrande’s latest credit downgrade comes with the warning of a “downward spiral”, Korea’s third-largest conglomerate readies a September IPO for SK REIT, and Hong Kong’s Wharf REIC posts a double-digit rise in… Read More>>