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Westin Sacramento

SG Govt Intervenes in Defaulting Hotel REIT and More Asia Real Estate Headlines

2020/04/21 by James Hatton Leave a Comment

An SGX-listed real estate investment trust leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s central bank has moved to protect the rights of unitholders after the REIT defaulted on a $341… Read More>>

xu jiayin

China Evergrande Warns of 50% Shortfall in Projected 2019 Earnings

2020/03/24 by Stephanie Li Leave a Comment

China Evergrande Group has slashed earnings projections for 2019 to RMB 33.5 billion ($7.5 billion), a drop of nearly half from the previous year as sales plummeted amid China’s weakening economy and tighter housing policies.

China’s largest property developer by… Read More>>

Xu Jiayin Evergrande

Evergrande Holds on to Crown as China’s Top Developer Despite 2019 Slowdown

2020/03/18 by James Hatton Leave a Comment

China Evergrande has retained its crown as China’s largest developer during 2019, as measured by contracted sales attributed to shareholders, as the country’s residential sector endures a period of slower growth.

The Shenzhen-based company chaired by mainland billionaire Xu Jiayin… Read More>>

Evergrande Online Discounts Boost Feb Sales and More Asia Real Estate Headlines

2020/03/03 by James Hatton Leave a Comment

Online promotions lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that mainland China’s third largest developer by sales had a bumper February after offering buyers big incentives.

In other news around the region,… Read More>>

ritesh agarwal Oyo

Oyo Losses Widen to $335M on China Expansion and More Asia Real Estate Headlines

2020/02/18 by James Hatton Leave a Comment

SoftBank-backed losses lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Masayoshi Son’s favourite budget hotel chain has reported that its net losses reached $335 million for the year ended 31 March 2019.

… Read More>>

Discounted Site in HK’s Lohas Park Pulls 9 Bids and More Asia Real Estate Headlines

2020/02/05 by James Hatton Leave a Comment

The sale of a residential plot leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that nine bids were submitted for a heavily discounted site in Hong Kong’s New Territories.

In other news around… Read More>>

Raffles Place Singapore

Singapore Office Rents Slide 3.2% in Q4 and More Asia Real Estate Headlines

2020/01/23 by Michael Cole Leave a Comment

Investors in Singapore’s commercial property sector got a bit of bad news today as a monthly index showed office rental rates beginning to fall more quickly in the city centre. Also getting some ink today, China Evergranded added $2 billion… Read More>>

xu jiayin

Evergrande Boss Xu Jiayin RMB 14.6B Richer as China’s 2nd-Largest Developer Announces Dividend

2019/12/09 by Michael Cole Leave a Comment

China’s third-richest man is about to add RMB 14.6 billion ($2.1 billion) to his personal fortune after China Evergrande Group proposed its dividend for the 2018 financial year in an announcement on the Hong Kong stock exchange on Sunday.

The… Read More>>

HK Hotel Room Rates Plunge 46% As Vacancy Soars and More Asia Real Estate Headlines

2019/11/13 by James Hatton Leave a Comment

Discounted room rates lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Hong Kong’s hotels are suffering as visitors stay away from the teargas-filled Asian financial hub.

In other news around the region,… Read More>>

Jho Low Paris Hilton

Jho Low Forfeits $1B in Assets to US Authorities and More Asia Real Estate Headlines

2019/10/31 by James Hatton Leave a Comment

A Malaysian fugitive leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the alleged mastermind of the 1MDB scam has agreed to forfeit property assets that include a boutique hotel in Beverly Hills… Read More>>

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