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 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>>
China Oceanwide Holdings achieved something many of its rivals could not — the on-time release of its 2021 financial results — but the feat was cold comfort as the mainland developer announced widening losses and a further rollback of its… Read More>>
China Oceanwide is set to give up another slice of its property holdings in Hawaii, with the cash-strapped mainland developer agreeing to sell its Kapolei West residential site on the island of Oahu to a local firm for $92.9 million.
In today’s roundup of regional news headlines, Yango Group becomes the latest Chinese developer to miss interest payments, compatriot Shimao requests an extension on some of its own debt, and Hong Kong’s Sino Hotels sees a bleak year ahead for… Read More>>
China Oceanwide Holdings’ American dream is looking ever more like a broken one after the mainland developer was served with a default notice for a $175 million loan backed by the group’s troubled skyscraper project in Lower Manhattan.
New York-based… Read More>>
In today’s roundup of regional news headlines, Chinese developer Longfor reportedly lines up backers for a $1 billion Hong Kong IPO of its property management arm, an Ikea-anchored mixed-use project is planned for the New Delhi area, and cash-strapped Kaisa… Read More>>
China Oceanwide Holdings suffered another blow to its shrinking real estate empire on Thursday as creditors foreclosed on the cash-strapped developer’s unfinished San Francisco mixed-use project, which had served as collateral for about HK$2.5 billion ($320 million) in notes that… Read More>>
In today’s roundup of regional news headlines, the family of billionaire Joseph Lau cuts its losses with the liquidation of its position in bonds issued by developer Kaisa Group, which is reportedly seeking buyers for Kaisa Prosperity Holdings, the group’s… Read More>>
Singapore’s ongoing interest in American real estate assets as Mapletree Investments announces that it has closed on $552 million in equity for its first-ever US office fund.
The ongoing financial pressure on Chinese developers continues to make… Read More>>