Asia Pacific real estate investment news and information
Chinese developer Country Garden appears headed for a full-scale restructuring after announcing Wednesday that “significant uncertainties” exist regarding the settlement of onshore bonds with an issued amount in excess of RMB 14.6 billion ($2 billion).
The lion’s share of the… Read More>>
In today’s roundup of regional news headlines, fund management colossi Blackstone and KKR throw their hats in the ring to manage a Korean pension fund’s overseas real estate debt, and jilted investors vent their rage at a Chinese shadow bank…. Read More>>
Country Garden Real Estate Group has shown signs of deeper financial challenges as the company halted trading of 11 onshore bonds beginning Monday, prompting investors to drive its shares to their lowest level since the company’s 2007 IPO.
Ranked as… Read More>>
Country Garden Holdings, China’s largest developer by sales in 2022, warned late Thursday that it expects to report a loss of RMB 45 billion to RMB 55 billion ($6.26 billion to $7.65 billion) for the first six months of the… Read More>>
In today’s roundup of regional news headlines, Singapore’s Ho Bee Land posts a six-month loss tied to the falling value of its London properties, and Chinese developer Fantasia’s shares tumble after a long trading halt. Also making the list are… Read More>>
Country Garden Holdings has missed interest payments on a pair of offshore bonds, pushing China’s largest developer by sales closer to formal default and raising the spectre of a fresh round of failures in the mainland’s property industry.
The Foshan-based… Read More>>
Green energy in Indonesia leads today’s collection of regional real estate headlines as a Warburg Pincus-backed data centre operator continues to expand in Southeast Asia’s most populous nation. Also in the news, the Chinese owners of Global Switch may need… Read More>>
A price cut at a CK Asset project in Hong Kong leads today’s set of headlines from around Asia’s real estate industry as analysts ponder prospects for a developer price war. Also making the list is a debt restructuring plan… Read More>>
Investors drove shares in Country Garden Holdings down by as much as 11 percent on Tuesday after the company confirmed the cancellation of a share sale aimed at bringing in a reported HK$2.34 billion ($300 million) in cash.
“The Company… Read More>>
A cash crunch for China’s largest home-builder leads today’s roundup of real estate headlines from around the region as Country Garden struggles with a slowing housing market. Also in the news, Hong Kong homeowners are getting motivated to sell and… Read More>>
