China Evergrande doesn’t seem to have received the bailout from the Guangdong government that it had been looking for, but the mainland developer got a helping hand from the Hong Kong stock exchange last week when it won permission… Read More>>
Chinese Budget Retailer Miniso Files for $100M US IPO and More Asia Real Estate Headlines
Cute retailers and scary debts lead Asia’s real estate headlines today as Chinese novelty retailer Miniso files for a $100 million IPO on the US stock exchange.
Also in the news, China Evergrande saw its securities punished for a… Read More>>
Evergrande Denies Pleading for Govt Support to Avoid Collapse
Indebted mainland developer China Evergrande Group was forced to deny reports that it was pleading for a bailout yesterday, after a document circulating on Chinese social media indicated that the firm was pleading for government support to avoid financial catastrophe.
Evergrande Buys Project in Shanghai’s Hongkou District for RMB 2.3B
China Evergrande has added to its project pipeline in Shanghai, with the top mainland developer winning a government land auction of a Hongkou district site this past week.
The Shenzhen-based builder outbid state-run giant China Poly Real Estate to win… Read More>>
Evergrande Buys Hong Kong Resi Project From Henderson for HK$4.7B
Top mainland developer China Evergrande is ready to start building 400 villas in Hong Kong after buying a site in the New Territories from Henderson Land, according to a report by the blue chip local builder late last week.
In… Read More>>
Keppel Land to Develop S$98M India Condo JV and More Asia Real Estate Headlines
Emerging markets lead Asia’s real estate headlines today as deals in India and Indonesia show that investors are still ready for opportunities in high growth locations.
Also in the news, a pair of CapitaLand trusts have moved one step closer… Read More>>
Shui On Land Reports HK$1.8B Loss and More Asia Real Estate Headlines
Shui On Land this week became the latest Hong Kong-listed developer to post a loss for the first half of 2020, as a dip in value of the Xintiandi landlord’s investment properties overshadowed a jump in revenue of nearly 33… Read More>>
Evergrande Shares Plunge as Income Drops 46% and More Asia Real Estate Headlines
Soon after announcing a spin-off plan that could bring in $3 billion, China Evergrande Real Estate released a profit warning on Monday that could keep the finances of the indebted developer on edge after net income dropped to just RMB… Read More>>
Alibaba, Tencent, Huatai Lead $3B Investment in Evergrande Spin-Off Pre-IPO
Some of Greater China’s largest investors have agreed to pay a total of HK$23.5 billion ($3 billion) for stakes in China Evergrande’s property management unit ahead of an anticipated IPO in Hong Kong, according to an announcement late last week.
GIC-Dexus Warehouse JV Buys Aussie Sites for A$174M and More Asia Real Estate Headlines
Big things are happening in Asia Pacific’s real estate world today as Singapore’s sovereign wealth fund boosts its logistics investments in Australia, ESR opens one of Japan’s biggest sheds ever, and an Indian builder opens a data centre that can… Read More>>
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