Asia real estate and outbound investment news
State-owned enterprises dominated the ranks of China’s biggest developers by sales in 2022, with SOEs accounting for eight of the top 10 mainland builders, as Beijing’s deleveraging policy battered the country’s private real estate firms.
Country Garden Holdings and Longfor… Read More>>
Country Garden Holdings, the financially stressed Chinese real estate giant, has received a helping hand this week from the company’s co-chairman as well as the Industrial and Commercial Bank of China (ICBC) through two loans totalling $928 million.
China’s top… Read More>>
Hailed as China’s richest woman, Yang Huiyan has agreed to sell a portion of her controlling stake in Country Garden Services Holdings for about HK$5.06 billion ($650 million) to mark the third major sale of equity in the group within… Read More>>
Country Garden, China’s biggest builder by sales, is planning its second share sale in one month as it seeks to raise as much as HK$4.8 billion ($616.9 million) to help refinance its offshore debt.
With its latest offering, Country Garden… Read More>>
In today’s roundup of regional news headlines, Chinese regulators order key banks to issue offshore loans to help “good quality” developers retire debt, while Evergrande’s chairman vows that the company will meet its home delivery target for 2022 and Country… Read More>>
In today’s roundup of regional news headlines, mainland developer Country Garden plans a sale of new shares to help mend its finances, Blackstone’s India retail arm reportedly adds an upscale Delhi mall to a forthcoming REIT, and GuocoLand Malaysia swings… Read More>>
In today’s roundup of regional news headlines, a 1970s-era commercial tower heads for collective sale in Singapore, SGX-listed First REIT reportedly targets a portfolio of Aussie healthcare assets, and China’s stimulus measures boost Hong Kong-listed property stocks.
In today’s roundup of regional news headlines, the parent of 7-Eleven plans to sell its Sogo & Seibu department store holdings to a US fund, CapitaLand Investment announces the sale of a Malaysia mall, and S&P downgrades Country Garden and… Read More>>
Mainland China’s developer credit crisis dominates the news again today after Shanghai-based CIFI Holdings announced that it will enter restructuring and Greenland Group said it will seek an extension on an offshore bond. Also, getting some virtual ink is a… Read More>>
S&P Global Ratings downgraded Country Garden on Monday after the business performance of China’s top developer by sales failed to meet expectations and stirred doubts about the group’s liquidity in the years ahead.
S&P lowered its long-term issuer credit rating… Read More>>
