At the top of today’s headlines, Singapore’s housing market is back into bull mode with prices of private homes rising 3.1 percent in the first three months of the year. In another bit of Lion City-driven news, a unit of… Read More>>
Evergrande Notches Record $6.5B Core Profit in 2017, Beating Country Garden and Vanke
While sales results released in January showed that Country Garden had taken over as China’s top-ranked home builder in terms of new contracts, full-year financials released this week show that Evergrande Real Estate was China’s biggest money maker in 2017…. Read More>>
Anbang Moving Ahead with Waldorf Condo Conversion and More Asia Real Estate Headlines
Anbang’s days as a major player in global real estate markets may be over, but the hangover from its buying binge is being felt in New York, as news today confirms that the now government-controlled Chinese insurer is moving ahead… Read More>>
Trump India Partner Accused of $147M Fraud and More Asia Real Estate Headlines
Apparently not content with dominating US political news, the Trump Organization has oozed into Asia’s real estate headlines today, with the story that an India based partner of the US president’s company is accused of running off with at least… Read More>>
Country Garden Led Mainland Developers in Jan with Biggest Sales Month Ever
Country Garden’s status as China’s biggest developer by sales remains intact, after announcing a record RMB 69.16 billion ($11 billion) in new contracts in January, beating out mainland rivals China Evergrande and China Vanke.
The sales volume represents a 42… Read More>>
Country Garden Gets Nod To Issue $1.6B in Rental Housing Securities
China has struck another blow in the battle for affordable housing, with the Shenzhen stock exchange giving the green light for developer Country Garden to launch RMB 10 billion ($1.6 billion) worth of asset-backed securities linked to rental apartments.
The… Read More>>
China Vanke Opens 2018 with RMB 68B in Sales to Notch Biggest Month Ever
From the GLP buyout to the acquisition of CapitaLand’s malls, China Vanke has been stealing the spotlight in the past few months. The Shenzhen-based developer has now grabbed headlines again by announcing RMB 67.98 billion ($10.8 billion) of sales for… Read More>>
China’s Country Garden Raises $3B To Pare Debt and More Asia Real Estate Headlines
Leading today’s roundup, China’s biggest developer by sales announced a $3 billion fund-raising plan to repay debt — and promptly took a beating on the Hong Kong stock exchange due to the dilution of its existing shares. Singapore housing continues… Read More>>
Foxconn and Country Garden Buy Pair of GZ Sites for $605M to Build Tech Town
The company best known for making your iPhone has partnered with China’s top developer, Country Garden Holdings, to win two plots of land for RMB 3.9 billion ($605 million) in Guangzhou, a first-tier city in southeast China.
Foxconn Technology Group,… Read More>>
Country Garden and Longfor Raise $1.7B in Offshore Bonds
Country Garden, China’s biggest developer by contracted sales, announced on Tuesday it would raise a combined $850 million through the issue of senior notes in two tranches. The move came just one day after fellow top-ten developer Longfor Properties announced… Read More>>
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