In today’s roundup of regional news headlines, Sunway REIT confirms reports that it’s nearing a deal to buy retail assets from Malaysia’s Employees Provident Fund, and the Silicon Valley Bank failure is seen giving an indirect lift to Hong Kong’s… Read More>>
Creditors Close in on Sale of Evergrande Founder’s Seized $112M Hong Kong Mansion
Evergrande boss Xu Jiayin still holds the reins of what was once China’s biggest builder, but his pile of assets is getting whittled down with an HK$880 million ($112.1 million) mansion formerly held by the developer said to be nearing… Read More>>
Blackstone Chases $660M for Sydney Tower and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Blackstone looks Down Under for its latest potential asset disposal, and China’s government ponders a novel method to maintain state control of private firms.
Blackstone Could Fetch A$1B as It… Read More>>
Evergrande Creditors Reject Restructuring Deal and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande struggles to win creditor support for a debt restructuring framework ahead of a self-imposed March deadline, and HSBC’s move towards open-plan desks irks Hong Kong bankers.
Evergrande Fails… Read More>>
Evergrande Raps Former CEO, Two Other Execs for $2B Loan Scheme
China Evergrande on Wednesday chided three former executives for their roles in a scheme in which loans secured by pledge guarantees were transferred and diverted back to the debt-saddled developer via 36 unnamed third parties and used for general operations.
PwC Resigns as Evergrande Auditor Over Gaps in Financials
PricewaterhouseCoopers has stepped down as auditor of China Evergrande’s books, citing the failure of the troubled developer to provide information related to its still-unreleased 2021 annual results.
The Big Four accounting firm said it was left in the dark when… Read More>>
China Property Investment Tumbled 10% Last Year and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China reports an exceedingly rare decline in property investment for the whole of 2022, and Singapore’s residential rents are seen continuing their surge this year.
China Property Investment Falls for… Read More>>
China Restarts Residential Funds to Deliver Boost and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese officials reportedly authorise private equity funds to raise money for residential developments, and Beijing is said to be readying new measures to prop up the country’s biggest builders.
China… Read More>>
Evergrande Boss Commits to Repaying Debt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande’s Xu Jiayin promises results in a New Year message to employees, and the developer’s electric car unit prepares for a round of layoffs and salary cuts.
Evergrande Vows… Read More>>
Dalian Wanda Takes Over Beijing Mall and More Asia Real Estate Headlines
Two Chinese developers lead today’s roundup of regional news headlines, as Dalian Wanda revamps one of Beijing’s biggest malls and a new investor takes over construction at a pair of China Evergrande’s projects in Kunming. The city of Dongguan, meanwhile,… Read More>>
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