A mainland developer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company has banished the boss of its football team after a string of bad results.
In other news around the… Read More>>
Evergrande Life Chairman Zhu Jialin Resigns
Evergrande Life chairman Zhu Jialin has resigned after a little more than a year in his position with the insurance division of China’s third largest developer by sales, China Evergrande Group, according to a local media report.
Zhu is said… Read More>>
HNA Losses Pile Up As Asset Sale Drags On and More Asia Real Estate Headlines
The woes of a financially troubled conglomerate lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the Hainan-based group is shedding cash at a much faster rate than it is relieving its debt… Read More>>
China Merchants Shekou Files for $800M REIT IPO and More Asia Real Estate Headlines
A Shenzhen-listed developer of industrial estates leads the way in Mingtiandi’s roundup of real estate headlines today as it files paperwork to float a real estate investment trust in Hong Kong, with sources expecting up to $800 million to be… Read More>>
China Evergrande Profit Halves in H1 as Market Curbs Hit Sales
Just over two weeks after China Evergrande Group warned shareholders of falling profits for the period up to the end of June, the country’s third-largest developer by sales has posted its first drop in returns since 2016.
The Shenzhen-based real… Read More>>
Evergrande Profit Falls 49% in 2019 1H as Car Unit Loses RMB 2B
China’s third-largest developer by sales, China Evergrande Group, has warned shareholders of falling profits for the first half of the year, according to an alert filed with the Hong Kong stock exchange last Friday.
The Shenzhen-based real estate giant told… Read More>>
Country Garden Sales Drop 6% – Still Lead China’s Top 10 Builders
Country Garden has retained its crown as China’s top developer, measured by contracted sales, despite being one of only two of the nation’s top ten builders to see their performance drop during the first half of the year.
The Guangdong-based… Read More>>
$1.7B Land Auction Postponed By Hong Kong Protests and More Asia Real Estate Headlines
A dumped $1.7 billion land auction leads the way in Mingtiandi’s roundup of real estate headlines today with the Hong Kong government having postponed the sale of a residential site in Kowloon amid street protests against the now delayed… Read More>>
Asia Real Estate People in the News 2019-06-03
In this week’s edition of People in the News, a major Singapore developer and investor names a new group chief executive officer, while a senior vice president is appointed at the sovereign wealth fund. Elsewhere, there are movers and shakers… Read More>>
Evergrande Acquires US Electric Vehicle Pioneer Protean
China Evergrande Group has acquired American in-wheel electric motor company Protean for an undisclosed sum, as China’s second largest property developer by sales ramps up efforts to become a leader in the alternative energy vehicle industry.
The Guangdong-based developer made… Read More>>
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