China South City Holdings warned Monday that its fiscal 2023 after-tax loss could range from HK$4 billion to HK$5 billion ($510 million to $640 million), with the alert coming on the heels of the Shenzhen developer’s latest loan defaults last… Read More>>
Moody’s Withdraws China Vanke Issuer Rating, Assigns Junk-Level Corporate Score
Moody’s Investors Service has withdrawn its issuer rating for China Vanke, assigned a speculative-grade rating to the state-backed builder’s corporate family and downgraded Vanke bonds further into junk territory.
The rating actions reflect the view that Vanke’s credit metrics, financial… Read More>>
China Home Price Slide Accelerated in January and More Asia Real Estate Headlines
Average new home prices in China fell 1.24 percent in January from a year earlier as the country’s housing crisis continues to rage, with that story leading Mingtiandi’s headline roundup today. Regional private equity player PAG also makes the list… Read More>>
Blackstone Sale of London Asset to Asian Investor Stalls and More Asia Real Estate Headlines
London’s collapsing office market may have cost Blackstone an opportunity to sell a Canary Wharf tower to an Asian investor, with that story leading Mingtiandi’s headline roundup today. Also making the list, units in a Singapore listed REIT of US… Read More>>
Sunac Exiting Stake in Sichuan Resort Project for $552M and More Asia Real Estate Headlines
Troubled mainland developer Sunac China did some spring cleaning just before the lunar new year holiday, with the company’s announcement of a $552 million Sichuan disposal leading Mingtiandi’s headline roundup today. Also in the news, KKR signs a deal to… Read More>>
China Aoyuan Files for Bankruptcy in US Court and More Asia Real Estate Headlines
Mainland developer China Aoyuan has filed for Chapter 15 bankruptcy protection in New York, with that story leading Mingtiandi’s roundup of headlines from around the region. Also in the news, a Singapore residential redevelopment site sells for below its guide… Read More>>
China South City Sells Off Xi’an Projects and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, developer China South City sells down its stake in some Xi’an developments, India’s Phoenix Mills buys land for a future mall project, and Asia’s dollar-denominated junk bonds rally.
China South… Read More>>
Fashion Boss Losing Floor at HK’s Bank of America Tower and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a fading fashion tycoon loses an office floor in Hong Kong’s Central as receivers shop the property, and China’s central bank will reportedly dangle cheap loans as an incentive to buy developer bonds.
Asia Real Estate People in the News 2022-10-03
Top-level changes at fund managers and developers lead Mingtiandi’s roundup of personnel moves this week as M&G appoints a new global chief executive and a pair of mainland property developers unveil new leaders for their boards. Also in the news,… Read More>>
Asia Real Estate People in the News 2022-08-15
Senior personnel changes in Korea, Hong Kong and Singapore lead Mingtiandi’s roundup of HR moves from around the region this week, starting with the selection of a new chief investment officer at South Korea’s sovereign wealth fund. Also making the… Read More>>