In today’s roundup of regional news headlines, the agreed sale of Goldin Financial’s Hong Kong skyscraper fails to culminate, mainland developer Jinke defaults on an onshore debt payment, and Singapore’s Mapletree Investments reports an annual profit increase.
S&P Downgrades Shanghai Greenland and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shanghai-backed Greenland Holding suffers a further downgrade to its credit rating, accounting bigfoot PwC plans to retire as auditor of Hong Kong-listed property manager Dowell Service, and China’s Seazen readies a rare offshore… Read More>>
CDL REIT May Include HSBC London HQ and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, HSBC’s London headquarters is a potential cornerstone holding of a planned CDL REIT, co-living operator Hmlet scores a $6 million infusion to help turn around its fortunes, and a Frasers-sponsored Singapore trust obtains… Read More>>
China Real Estate Trust Financing Drops 60% in June
Once a major source of credit for China’s small and medium-sized developers, financing from trusts dropped off precipitously in June as the country’s wealthy individuals seem to have lost their taste for the loosely regulated shadow banking products.
According to… Read More>>
China Developers Face $32.7B in 2015 Trust Payments
The 2014 real estate slowdown could rapidly transform into a 2015 property bloodbath if statistics on trust obligations owed by China’s property developers prove true, and a recent scandal surrounding commodity-backed loans is helping to further cloud the country’s credit situation.
China’s First “REIT” Starts Trading on Shenzhen Exchange
Qihang Specific Asset Management Plan doesn’t trade like REIT, and it’s not taxed like a REIT, but investors eager for an alternative investment vehicle in China’s stunted finance market are willing to call it a REIT, and it technically began… Read More>>
Developers Get New Funding Source as China Announces First REIT
A new channel for fundraising may be on the way for China’s real estate developers, as the government recently approved the country’s first real estate investment trust (REIT).
According to a report today in the South China Morning Post, Citic… Read More>>
Treasury China Trust Defending Itself Against Charges of Mismanagement
Treasury China Trust (TCT), a Singapore-listed investment trust, is suddenly having to defend itself against charges from one of its investors that the firm is run for the benefit of its fund managers and lacks independent board oversight.
Mano Sabnani,… Read More>>