Zhonghong Holdings, the real estate developer controlled by tycoon Wang Yonghong announced last week that it had defaulted on RMB 1.1 billion ($160 million) in credit obligations in the month of July, bringing the Beijing-based company’s total past-due obligations to… Read More>>
China’s Evergrande Group, the country’s second largest property developer by sales in 2017, said it would shift its development model from pursuing top line growth, to achieving efficiency and quality after it announced a record jump in profit in its… Read More>>
What was once the site of one of Asia’s most challenging airports is rapidly turning into a lifesaver for China’s debt-addled HNA Group after the mainland conglomerate announced a deal yesterday that could provide it with a loan of as… Read More>>
Being obscenely rich just continues to get tougher in China’s erstwhile party paradise as Beijing has now shut down 100 golf course in the last five years. Also in the headlines today, the mainland real estate market bounced back to… Read More>>
This week’s news starts off with mainland developers finding creative paths to funding to deal with a government clampdown. Also making headlines on Monday, CK Property is offering discounts to attract buyers put off by Hong Kong’s new stamp duty… Read More>>
New land in China is now going for as much as three times the auction minimum at the same time that the country’s exchange rates, and the global interest rate outlook appear increasingly unstable.
This combination of financial forces is… Read More>>
One of China’s biggest real estate investment events will kick off in Shanghai on Wednesday this week with a workshop on real estate financing led by Mingtiandi founder Michael Cole.
The 5th annual PERE China Forum will bring together leading… Read More>>
The Chinese yuan has fallen as much as 4.67 percent in the last week, and while the sudden change has been cheered by China’s exporters, it could be bad news for the country’s heavily indebted property developers.
After trading at… Read More>>
Shanghai-based Shimao Property is heading to the international bond markets for the second time this year, as the real estate developer seeks to improve its liquidity and finance both existing and new projects during China’s property downturn.
In this latest… Read More>>
Chinese real estate developer Country Garden Holdings sold a $900 million five-year bond on Thursday as the Guangzhou-based firm continues to restructure its financing in the face of China’s property slowdown.
The top-ten China developer’s latest bond issue was priced… Read More>>