Asia real estate and outbound investment news
A troubled mainland developer’s race to dispose of assets to meet looming debt repayments took a twist yesterday when China Oceanwide Holdings brought on board a potential replacement buyer for its unfinished San Francisco project.
Oceanwide said in an announcement… Read More>>
Five years after purchasing the site of what was planned to be San Francisco’s second-tallest office tower, China Oceanwide Holdings has agreed to sell the unfinished project at a $276 million loss, according to a statement filed by the developer… Read More>>
The backwash of China’s outbound real estate investment wave of a few years ago leads today’s collection of Asia real estate headlines as one of the mainland’s biggest investors in California property halts work on one of the two… Read More>>
Vietnam, Los Angeles, and Shanghai all make a showing in today’s top real estate news from Asia with an account of a top US private equity firm looking to cash in on a Vietnam retail property leading the list.
In… Read More>>
China Oceanwide Holdings Ltd (715:Hong Kong) has suffered a fresh setback just a week after the troubled developer warned of a substantial drop in profits for 2018 with its auditor, PriceWaterhouseCoopers, having resigned on February 22.
The London-based accounting giant… Read More>>
The buyer of Dalian Wanda’s Australian projects may be watching their development from a distance after Huang Xiangmo, a Chinese billionaire who became one of Australia’s biggest political donors had his citizenship application rejected and his residency permit revoked down… Read More>>
Developer China Oceanwide Holdings has halted construction on a $1 billion mixed-use project in Los Angeles that was previously scheduled to be completed this year, according to an account in the Los Angeles Times, citing a statement by the Beijing-based… Read More>>
Sunac China has agreed to buy a pair of projects in Shanghai and Beijing from competitor China Oceanwide Holdings in a deal valued at RMB 12.55 billion ($1.85 billion), according to a filing today to the Hong Kong stock exchange.
Four of the biggest Chinese investors in Los Angeles real estate have been named in an FBI investigation of possible bribery, kickbacks, extortion, and money laundering related to property deals in southern California’s largest city, according to a document seen… Read More>>
Downturns, debt and slowdowns lead the region’s real estate news today as southern China tries to dry out from the weekend typhoon and checks to see if all the windows are still in place. Once mighty Anbang has raised $519… Read More>>
