Defaulted mall landlord Dasin Retail Trust notified the Singapore Exchange on Thursday that a proposed memorandum of understanding with a “reputable Chinese entity” has been terminated over concerns about legality and some recent actions taken by Zhang Zhencheng, who together… Read More>>
Former Chair of Dasin Retail Trust Sues to Remove Audit Head
One of three brothers controlling the sponsor of Singapore-listed Dasin Retail Trust is taking legal action accusing the head of the REIT’s audit and risk committee of unfair treatment in the latest challenge facing the financially troubled trust.
Zhang Zhencheng,… Read More>>
Vietnam Crisis Shuts 1,800 Firms in Q1 and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Vietnam’s construction ministry says the number of property-related businesses suspending operations soared in the first quarter at the same time that prices for some luxury homes in the country’s capital fall by 40… Read More>>
Dasin Retail Trust Slapped With Default Notice After Payment Fail
Chinese mall landlord Dasin Retail Trust has received a letter from Macau’s Luso Bank declaring a default after the Singapore-listed REIT failed to make an interest payment on a $13.1 million loan facility.
Pursuant to the last interest payment made… Read More>>
China Mall REIT Appoints Financial Advisor After Missing Deadline on $564M in Debt
Chinese mall landlord Dasin Retail Trust has tapped a financial advisor to conduct an independent business review as the SGX-listed real estate investment trust asks lenders for an additional extension on repayment of debt worth as much as $564 million.
China’s PBOC Cuts Rates as Economy Staggers and More Asia Real Estate Headlines
Disappointing data on China’s economy prompted some of today’s biggest headlines, with the mainland’s central bank moving quickly to cut rates at same time that JP Morgan analysts are predicting more gloom for developers.
Also in the news, an SGX-listed… Read More>>
Sunac China Misses $30M Bond Payment and More Asia Real Estate Headlines
China’s growing group of defaulting developers leads Mingtiandi’s headline roundup again today, with top-five builder Sunac having reportedly missed a coupon payment on an offshore bond.
The saga of Singapore co-living operator Hmlet also makes our roundup as it starts… Read More>>
Evergrande Surrenders Chengdu Land Parcels and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-stricken China Evergrande gives up two land parcels to the government in the city of Chengdu, the Pavilia Farm project in Hong Kong is flagged again for its concrete quality, and mainland developer… Read More>>
Causeway Bay Sale Could Set Stage for Major HK Project and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a plan to redevelop three buildings in Hong Kong’s Causeway Bay gets a boost, price growth eases for new homes in China, and a report labels Seoul the world’s fastest-growing commercial real estate… Read More>>
Korea’s KTB Raises $478M for US Real Estate Debt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, South Korea’s KTB closes on capital commitments for a fund investing in mortgage loans for US multi-family housing, Softbank-banked Oyo Hotels reportedly contemplates an India IPO, and Cushman & Wakefield is in talks… Read More>>