Hong Kong’s high court has ordered Pan Sutong to wind up his holding firm and file for bankruptcy after the mainland tycoon failed to repay HK$8 billion ($1 billion) borrowed five years ago to finance the privatisation of his Goldin… Read More>>
Evergrande Onshore Creditors Reject Extension of RMB 4.5B Bond
Debt holders have denied a request by China Evergrande’s primary onshore unit to delay repayment of a RMB 4.5 billion ($670 million) bond, turning up the heat on the world’s most leveraged developer as it faces a winding-up threat in… Read More>>
Wheelock Closes in on $2.5B Residential Project in Kowloon Bay
Wheelock Properties is taking final steps toward building a HK$20 billion ($2.5 billion) residential project in Hong Kong’s Kowloon Bay, having reportedly submitted an application to redevelop an industrial property in the area into 1,782 new homes.
The developer controlled… Read More>>
Amazon Inks Deal for 11 Floors at IOI Central Boulevard in Singapore
Amazon has agreed to occupy around 369,000 square feet (34,281 square metres) of office space at the IOI Central Boulevard Towers skyscraper in Singapore’s downtown core, according to a broker active in the market.
The American e-commerce giant has reached… Read More>>
Link REIT’s George Hongchoy Kicks Off MTD TV Asia REIT Forum Next Week
Asia’s listed real estate investment trusts come into focus starting next week, as Mingtiandi kicks off its MTD TV Asia REIT Forum with an exclusive interview with the chief executive of Link REIT.
George Hongchoy, who leads the HK$226 billion… Read More>>
Mainland Influx Sustains Hong Kong Luxury Apartment Rents
Hong Kong’s luxury residential rents saw modest signs of a rally in the second quarter as the fifth wave of COVID-19 receded and tenants from mainland China drove the city’s high-end leasing market, according to Savills.
Luxury rents on Hong… Read More>>
Logos and Sime Darby Break Ground on Malaysia Logistics Park Under $250M Fund
A warehouse development joint venture of Logos and Sime Darby Property broke ground Friday on the partnership’s maiden asset, E-Metro Logistics Park in Malaysia.
Situated within Sime Darby’s Bandar Bukit Raja township in Klang, Selangor, the park is the first… Read More>>
People’s Park Centre in Singapore’s Chinatown on the Market for $1.3B
An ageing commercial and residential complex in Singapore’s Chinatown is back on the en bloc market for S$1.8 billion ($1.28 billion) in what could be the city’s largest collective sale ever.
More than 80 percent of the owners of the… Read More>>
CITIC Takes Over $9B in Kaisa Shenzhen Projects in Debt Restructuring
Kaisa Group, the second-largest US dollar bond issuer among Chinese property developers after China Evergrande, appears to have found its white knight.
State-run Chinese conglomerate CITIC, a main creditor of the cash-strapped developer, has taken over stakes in five Kaisa… Read More>>
Kaisa CEO’s Hong Kong Luxury Home Reportedly Sells at 15% Loss
A high-end Hong Kong home once owned by Kaisa Group boss Mai Fan has been sold by receivers for HK$300 million ($38.2 million), chalking up a 15 percent loss, according to local media accounts.
Mai, the vice chairman and chief… Read More>>
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