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WONG Ho Ming, Augustine Henderson

Henderson Buys Out Kowloon Buildings at Auction, Aims for 1M Sq Ft Project

2019/05/01 by Michael Cole Leave a Comment

Henderson Land Development added to its pipeline of home town projects this week as it bought out the remaining space in a pair of aging buildings in Kowloon’s Hung Hom area.

The blue chip developer bought the properties, which constituted… Read More>>

Shimao Hui Wing Mau

Tahoe Selling Hangzhou Project Stake to Shimao in RMB 928M Deal

2019/05/01 by Jan Kot Leave a Comment

Troubled mainland developer Tahoe Group on 27 April announced to the Shenzhen stock exchange that it has agreed to sell a 49 percent stake in a mixed-use project in Hangzhou, the capital of China’s Zhejiang province to Shimao Properties for… Read More>>

Adam Neumann WeWork

WeWork Files for IPO – Valuation Remains a Mystery

2019/04/30 by Michael Cole 1 Comment

Less than one month after revealing that its losses reached $1.9 billion in 2018 – more than double its 2017 deficit – WeWork has filed for an IPO in the US.

The shared office giant late on Monday revealed that… Read More>>

Ching Chiat Kwong Oxley

AEW Buying Singapore’s Chevron House From Oxley for S$1B

2019/04/30 by Jan Kot Leave a Comment

Property developer Oxley Holdings has agreed to sell Chevron House, an office building at Raffles Place for up to S$1.025 billion ($758 million), according to a filing by the company with the Singapore Stock Exchange on Tuesday.

The buyer, according… Read More>>

Zhang Jianlong

Govt Cracks Down on Illegal Villas and More China Real Estate Policy News

2019/04/30 by Dorothy Ma Leave a Comment

The latest regulatory wave in China involves the central government’s hard line on illegal villa developments, as Mingtiandi’s round-up of China regulatory news finds Evergrande, Country Garden and other developers paying the price for building illicit luxury projects in Hainan,… Read More>>

Lin Tengjiao Sunshine City

Developer Sunshine City Plans RMB 22B in Fund Raising and More China Finance News

2019/04/29 by Iris Poon Leave a Comment

Following a modest rebound in home-buying sentiment last week, several large real estate developers in mainland China announced plans to raise new debt financing as competition grows for land purchases.

During this past week, Shenzhen-listed developer Sunshine City revealed that… Read More>>

Jiang Xiuwen Yida China

CMIG Debt Crisis Triggers RMB 8.7B Default at Dalian Developer Yida China

2019/04/28 by Jan Kot Leave a Comment

Hong Kong-listed Yida China announced on 22 April that a financial crisis at its parent company had left it facing a default on loans with an outstanding principal of RMB 8.75 billion ($1.3 billion), with the developer saying it has yet… Read More>>

Cheng Hei Ming Kailong

Warburg-Backed Kailong Sells Floor in Hong Kong Building for HK$31M

2019/04/28 by Dorothy Ma Leave a Comment

Real estate fund manager KaiLong Group has made its first sale at a renovated office building in Hong Kong’s Sheung Wan area, as the Warburg Pincus-backed fund manager continues its strata sales strategy in the city.

Kailong sold the 6th… Read More>>

ming-mei-glp

GLP Said Filing for IPO of US Business at $20B Valuation

2019/04/25 by Michael Cole Leave a Comment

Warehouse developer and fund manager Global Logistic Properties (GLP) has begun the process of filing for an initial public offering of its US assets which could value the business at $20 billion, according to an account in the Wall Street… Read More>>

Sun Hongbin Sunac

Sunac Spends RMB 15.2B on Wuhan Sites and More China Land Sales

2019/04/25 by Dorothy Ma Leave a Comment

With liquidity continuing to flow into China’s financial system, the country’s property developers have more cash on hand for their battle for new sites, and there are signs from Wuhan, Xiamen and even Nantong that some of the nation’s top… Read More>>

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