Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a US investment bank is seizing shares in a scandal-hit coffee chain after the company’s chairman defaulted on a $518 million loan.
In… Read More>>
HK Co-living Firms Slash Rents as Tenants Scram and More Asia Real Estate Headlines
Communal housing leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that co-living operators in Hong Kong have been forced to slash rents as occupancy rates fall.
In other news around the region, Hong… Read More>>
WeWork Offers Staff $100 Daily Virus Bonuses and More Asia Real Estate Headlines
A US co-working giant leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company is offering $100-a-day bonuses to lure staff back to its US locations, despite the ongoing pandemic.
In other… Read More>>
China Real Estate Investment Falls 16%, Home Sales Drop 36% in Jan-Feb
Real estate investment in mainland China collapsed over the first two months of 2020, recording its largest contraction since records began, according to statistics published today by the country’s National Bureau of Statistics.
The government agency said that overall property… Read More>>
Court Freezes Tianjin Developer Assets and More Asia Real Estate Headlines
Unpaid debt leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a court has frozen assets belonging to a Chinese state-owned developer after it defaulted on RMB 1.7 billion ($240 million) in debt.
Softbank Said to Have Invested Total of $1.5B in China’s Ziroom, Beike
Softbank has invested $1.5 billion into a pair of Chinese property startups, as the Japanese venture capital firm takes a gamble on the mainland housing market.
In deals which closed in November last year, Softbank invested $1 billion into apartment… Read More>>
HK Housing Rents Sink to Lowest in 23 Months and More Asia Real Estate Headlines
Hong Kong housing leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that apartment rents in the Asia financial hub are at their lowest level since March 2018.
In other events around the region,… Read More>>
Developers Scramble for Cash as Virus Hits Cashflow and More Asia Real Estate Headlines
Stalling home sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that mainland developers are scrambling for cash in a liquidity crunch triggered by the coronavirus outbreak.
In other news around… Read More>>
Oyo Losses Widen to $335M on China Expansion and More Asia Real Estate Headlines
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.
China Home Sales Plunge 90% in Early Feb and More Asia Real Estate Headlines
Mainland China’s beleaguered housing market leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the market braces for worse to come after home sales plunged 90 percent in the first week of February compared with the… Read More>>