Top level turnover in mainland China leads this week’s collection of personnel updates from around Asia Pacific with units of red chip giant China State Construction and Engineering Co announcing leadership changes at the same time that HNA Group sees… Read More>>
Kwun Tong Plot Pulled After Receiving Single Bid and More Asia Real Estate Headlines
Leading today’s roundup of regional news headlines, Hong Kong records its second land-sale flop of the year after a Kowloon East redevelopment site attracts a lone bid.
URA Withdraws Kwun Tong Land Sale That Drew Only One… Read More>>
China Oceanwide Sued by Mainland Bank Over $1B in Loan Guarantees
China Oceanwide Holdings has fallen foul of China Minsheng Bank, which is suing the cash-strapped builder and its former chairman, Lu Zhiqiang, over a RMB 7 billion ($1 billion) loan dispute centred on the developer’s 88-storey office tower in downtown… Read More>>
Oceanwide Completes Sale of Hawaii Site and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Oceanwide unloads a Hawaiian development site at an amended price, Goldin’s Guangzhou commercial project fails to sell at auction for a second time, and Singapore’s SPH REIT gets a rebranding.
Asia Real Estate People in the News 2022-12-26
A set of top level moves at Hong Kong-listed mainland China developers leads Mingtiandi’s regional personnel roundup this week, with China New Town Development and China Resources Land naming new board members, and Fosun Tourism has also added a new… Read More>>
China Oceanwide Strikes Out on Sale of Stalled San Francisco Mega-Project
China Oceanwide Holdings has failed to sell its halted $1.6 billion San Francisco mega-project for the third time, in another blow to the cash-strapped developer after the troubled site was seized by creditors last year.
In a filing to the… Read More>>
Blackstone Said Aiming for $500M India Mall IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity giant Blackstone reportedly seeks a $500 million IPO of its India mall portfolio, Hong Kong home prices fall as interest rates creep higher, and two high-rise towers near New Delhi are… Read More>>
Oceanwide Creditors File Winding-Up Petition as Beijing Court Freezes Assets
China Oceanwide Holdings is vowing to fight back on both sides of the Pacific after creditors travelled to Bermuda to slap its Hong Kong-listed entity with a winding-up petition earlier this month and a Beijing court froze onshore holdings after… Read More>>
Sunac Pays Onshore Bond After Offshore Default and More Asia Real Estate Headlines
Sunac China Holdings showed its grasp of the politics of Chinese debt over the weekend, with the top-five mainland developer reportedly making payment on a local bond less than a week after defaulting on offshore notes. Also in the news,… Read More>>
China Oceanwide’s Stake in Wuhan Project Frozen After $410M NYC Property Seized
China Oceanwide Holdings’ string of financial calamities continued on Wednesday, with an arbitration court freezing the company’s stake in a Wuhan project just days after its $410 million skyscraper development in Manhattan was seized by creditors.
The China International Economic… Read More>>
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