Asia real estate and outbound investment news
Property tycoon Joseph Lau plans to take his Hong Kong-listed Chinese Estates Holdings private, looking to salvage what remains of the loss-making, largely inactive firm after its ill-fated investment in fellow developer China Evergrande Group.
A company owned by Lau’s… Read More>>
China Evergrande Group received a fresh gut-punch from a steadfast investor on Thursday, with Hong Kong property firm Chinese Estates revealing that it had dumped 13 percent of its shareholding in the embattled developer at an eye-watering loss and was… Read More>>
An Evergrande avalanche leads today’s roundup of regional news headlines, as two staunch allies of the embattled developer’s chairman trim their stakes in the group, while Evergrande staff and customers are reportedly offered the chance to bid on discounted properties… Read More>>
The long-running succession saga at Hong Kong billionaire Joseph Lau’s business empire began a new chapter this week with the elevation of Lau’s wife, Chan Hoi-wan, to CEO of Chinese Estates Holdings to replace her elder sister, Chan Sze-wan.
In… Read More>>
Shares in Fosun’s money losing tourism unit have been on the slide since their Hong Kong IPO in December, and now mainland investment guru Guo Guangchang leads Mingtiandi’s roundup of real estate headlines with the news that he is set… Read More>>
Sovereign funds, Swiss banks and French châteaux feature in today’s real estate headlines from around the region as China’s CIC is said to have found a new chief among the ranks at the country’s Bank of Communications, and finance heavyweight… Read More>>
Developers from around the region are announcing 2018 results that range from good to bad this month, but few developers had it as tought as a major Hong Kong player which only sold one home last year, earning this story… Read More>>
Developers headed in opposite directions lead today’s collection of real estate news from around Asia as Singapore’s biggest builder announced that its profits jumped 71 percent in the fourth quarter on the same day that Hong Kong’s Chinese Estates warned… Read More>>
Chinese Estates Holding director Kimbee Chan Hoi-wan and members of her husband Joseph Lau’s family purchased a third of $3 billion in senior unsecured bonds issued by China Evergrande Group late last month, swelling the clan’s portfolio of the top-three mainland… Read More>>
Leading today’s set of real estate headlines from around the region, Singapore’s UOL announced an 85 percent drop in net profit after a recent consolidation, plus the fugitive boss of one of Hong Kong’s largest developers is still free to… Read More>>
