China’s Vice Premier Liu He underscored the country’s recent backflip on property policy at the World Economic Forum on Tuesday, signalling that authorities will continue to bolster the real estate industry as indebted developers struggle to shore up their finances.
Schroders Sells Kowloon Office Tower for $45M as Hong Kong Opens Up
British asset management giant Schroders has sold a 15-storey office tower in Hong Kong’s Mong Kok area for HK$350 million ($44.8 million), more than three years after the property went on sale for double the price, according to local news… Read More>>
PwC Resigns as Evergrande Auditor Over Gaps in Financials
PricewaterhouseCoopers has stepped down as auditor of China Evergrande’s books, citing the failure of the troubled developer to provide information related to its still-unreleased 2021 annual results.
The Big Four accounting firm said it was left in the dark when… Read More>>
Japan’s Nikota Capital Launches Real Estate Brokerage Arm
Tokyo-based Nikota Capital has established Nikota Realty as a real estate brokerage division to help individual investors buy and sell apartments, houses and land in Japan.
Focused on the areas of central Tokyo, Niseko and Nagano, Nikota Realty is led… Read More>>
Singapore Private Home Sales Hit Nearly 14-Year Low Amid Launch Lull
Developers sold a mere 170 new private homes in Singapore last month, the lowest monthly tally since 108 units were transacted in January 2009, according to government data released Monday.
The anaemic sales figures, which were updated by the Urban… Read More>>
Cash-Strapped Kaisa Group Sued for $102M Over Unpaid Debt
A Hong Kong investment firm is suing mainland builder Kaisa Group Holdings to recover $102.3 million in unpaid principal and interest, in another blow to the severely indebted developer as China’s real estate crisis drags on.
Oasis Capital Management filed… Read More>>
China’s Fosun Receives $1.8B Loan from State-Owned Banks as Bailouts Continue
A subsidiary of Chinese investment giant Fosun International has received a RMB 12 billion ($1.8 billion) loan from a syndicate of mainland banks, according to reports, as the Chinese government ramps up support for indebted private firms.
Shanghai Fosun High… Read More>>
Stanley Land Sale Fails as Four Bidders Fall Short of HK Government’s Target
The tender for Hong Kong’s first residential plot of 2023 was withdrawn on Tuesday, as offers from four bidders for a luxury site in the Stanley area failed to reach the government’s expectations after analysts had predicted it might sell… Read More>>
Singapore’s Keppel Land Builds Up India Pipeline With $29M Pune Office Buy
The property arm of Singaporean conglomerate Keppel Corp is adding 1.1 million square feet (92,900 square metres) to its India office portfolio with the INR 2.37 billion ($29 million) purchase of a project in the western city of Pune, according… Read More>>
PAG Raises Additional $270M for Third Pan-Asian Real Estate Fund
PAG has raised a further $270 million for its third pan-Asian core-plus/value-add real estate fund, according to a filing with the US Securities and Exchange Commission.
The Hong Kong-based private equity firm received its latest commitment to PAG Real Estate… Read More>>
- « Previous Page
- 1
- …
- 230
- 231
- 232
- 233
- 234
- …
- 610
- Next Page »