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>>
Evergrande CEO Sold $128M in Bonds Pre-Default and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande’s CEO discloses how he dumped bonds issued by the group ahead of last year’s debt default, fugitive billionaire Guo Wengui’s lawsuit against Swiss banking giant UBS clears a legal hurdle, and… Read More>>
China’s ABP Told Build Up or Get Out in London and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer ABP draws flak for a stalled mixed-use project in London, cash-strapped Evergrande moves forward with efforts to sell a Hong Kong plot despite the property’s receivership, and manufacturer Karrie International gets… Read More>>
Evergrande Says Hong Kong Project in Receivership After Asset Seizure Report
Following media reports within the last week that two of China Evergrande’s largest assets have been seized by creditors, the defaulting mainland developer confirmed late Sunday that it had lost control of a 2.2 million square foot (204,387 square metre)… Read More>>
Asia Real Estate People in the News 2022-01-31
China’s great developer restructuring leads today’s list of real estate personnel moves from around the region, as Evergrande Group welcomes a top government restructuring expert to its board. Also, in the news, Ontario-based investor Cadillac Fairview has named a new… Read More>>
Oaktree Seizes Evergrande Jiangsu Project and More Asia Real Estate Headlines
Seizures of Evergrande projects lead our headline roundup again today as an FT report reveals that US-based debt investment specialist Oaktree has taken control of a second development from the troubled developer, following a story on a Hong Kong repo… Read More>>
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