In today’s roundup of regional news headlines, debt-saddled China Evergrande unloads a Hangzhou mixed-use project for $575 million in cash, data centre developer Yondr plans a 200-megawatt facility in Malaysia’s Johor, and Goldman Sachs analysts forecast a 20 percent drop… Read More>>
Evergrande Bondholders Move Toward Lawsuit and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a group of bondholders reportedly mulls legal action against Evergrande after the surprise disclosure of seized cash at the developer’s services unit, while rival Sunac China is said to be in talks to… Read More>>
Guangzhou SOE to Guarantee Evergrande Debt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande now has state-owned Guangzhou City Construction Investment coming in to help restructure its RMB 3.25 billion ($510 million) in debts, Kaisa Group Holdings joins a wave of developers unable to publish… Read More>>
Evergrande Says Banks Have ‘Enforced’ $2.1B of Property Service Unit’s Assets
Indebted developer China Evergrande said Monday that RMB 13.4 billion ($2.1 billion) in assets had suddenly disappeared from the balance sheet of its property services unit, with the company joining a parade of Hong Kong-listed mainland property firms delaying the… Read More>>
Chinese Estates Reports $447M Loss for 2021 and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Joseph Lau’s Chinese Estates suffers a full-year loss tied to its Evergrande investments, a Singapore condo complex goes back on the market following Hong Kong developer Shun Tak’s exit from the deal, and… Read More>>
Evergrande Founder to Miss Political Meeting and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Evergrande boss Xu Jiayin is tipped to be a no-show at China’s annual policy meeting as the embattled developer loses control of a Qingdao theme park, while Beijing plans to set up a… Read More>>
Evergrande Sells Four Mainland Projects to State Firms to Pay Down Debt
China Evergrande has sold off its remaining stakes in four real estate projects to state-controlled companies, allowing the world’s most indebted developer to recover RMB 1.95 billion ($310 million) of its capital contribution and settle liabilities in excess of RMB… Read More>>
Condo Craze Boosts SG Land Sale Prospects and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, observers predict keen interest in a land sale at Singapore’s Pine Grove, developer Shimao’s bonds sag further amid talks with creditors, and Hong Kong reveals plans to hike property taxes for the city’s… Read More>>
Evergrande Assets Frozen by Mainland Courts and More Asia Real Estate Headlines
Fresh trouble for flailing China Evergrande Group leads Mingtiandi’s headline roundup today as a construction firm controlled by the Shanghai government succeeds in having two sets of the developer’s assets frozen by courts.
Also in the news… Read More>>
SPH Chooses Temasek-Backed Offer Over Keppel and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore Press Holdings terminates Keppel’s offer for the publisher’s real estate business in favour of Cuscaden Peak, cash-strapped Evergrande vows to restart construction and home sales, and China’s bad-debt managers move to support… Read More>>
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