A plan for the Philippines’ largest data centre leads today’s headline roundup at Mingtiandi as a 300MW project is announced north of Manila. Also in the news, a villa on Hong Kong’s Peak once belonging to China Evergrande’s CEO has… Read More>>
Assets Linked to Singapore Money Launderers Set to Sell and More Asia Real Estate Headlines
Singapore shophouses lead Mingtiandi’s headline roundup today as a set of properties linked to a money-laundering case in the city-state are said to be selling for over $74 million. London also makes the list as a Taiwanese developer checks out… Read More>>
Regulator Rejects Evergrande Founder’s Appeal as EV Arm Risks Land Confiscation
A top mainland regulator dismissed statements of defence provided by China Evergrande’s founder and former chairman, Xu Jiayin, and other executives penalised for their role in financial fraud and disclosure lapses at the bankrupt developer.
In a document dated 21… Read More>>
China Evergrande Fined $576M for Fraud and More Asia Real Estate Headlines
The poster child for China’s real estate crisis leads Mingtiandi’s headline roundup again today, with Beijing authorities fining Evergrande $576 million for fraud. JD.com also makes the news with the postponement of a Hong Kong IPO and China home prices… Read More>>
Foreign Investment in Vietnam Properties Jumps 70% and More Asia Real Estate Headlines
Foreign investors injected nearly $2 billion into Vietnam’s property sector during the first five months of the year, with that story leading Mingtiandi’s headline roundup today. Also in the news, the head of New China Asset Management has gone missing… Read More>>
Evergrande Liquidators in Talks With Potential Buyer of Electric Car Unit
Liquidators for China Evergrande have lined up a prospective buyer for the bankrupt developer’s majority stake in its struggling electric car division.
The liquidators entered a non-binding agreement to sell China Evergrande’s 58.5 percent equity interest in Hong Kong-listed Evergrande… Read More>>
Guangzhou R&F Selling UK Project for Third Time and More Asia Real Estate Headlines
One of China’s most creative developers leads today’s headline roundup with Guangzhou R&F setting a new Mingtiandi record by selling a project in South London for the third time. KKR also makes the news today with a REIT managed by… Read More>>
Korea’s IGIS Gives Boost to Taeyoung E&C Restructuring and More Asia Real Estate Headlines
South Korea’s IGIS Asset Management leads Mingtiandi’s headline roundup today as it agrees to buy bad loans linked to construction firm Taeyoung E&C in a debt workout plan. Also making the list, mainland new home prices squeak out a monthly… Read More>>
Hong Kong Accounting Watchdog Launches Probe of PwC Role at Evergrande
Hong Kong regulators have opened an investigation into PricewaterhouseCoopers and its relationship with China Evergrande, with the inquiry coming on the heels of reports that mainland authorities are probing PwC’s role in dodgy bookkeeping at the bankrupt developer.
The Accounting… Read More>>
China Resources Land Reports 11.7% Profit Jump and More Asia Real Estate Headlines
One of China’s largest state-owned developers has posted double-digit profit growth for 2023, despite the troubles facing most of its competitors, with that story leading Mingtiandi’s roundup of real estate headlines from around the region. Also in the news, Blackstone… Read More>>
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