In today’s roundup of regional real estate news headlines, China’s Vanke announces plans to raise development funds, investors react to Link REIT’s proposed rights issue and Singapore’s Keppel Land joins with a local partner to take on more Vietnam projects.
EC World REIT Wins 2-Month Reprieve for $114M Debt Repayment, With Strings Attached
EC World REIT has received permission from lenders to delay paying off $114 million in debt that came due on 31 December, contingent on the Singapore-listed trust making a partial repayment and completing a planned divestment of two mainland China… Read More>>
Singapore-listed EC World REIT Seeks Further Extension on $114M in Debt
After failing to consummate planned divestments of a pair of Hangzhou properties, SGX-listed EC World REIT says it is now in talks with both local and foreign lenders for a further repayment extension on $114 million in debt due on… Read More>>
PAG to Invest Another $60M with Indian Developer and More Asia Real Estate Headlines
Asia’s real estate markets start out the week with Hong Kong private equity firm PAG upping its India investments and a set of unhappy Singapore homeowners blocking an en-bloc sale. Also in the news, a suit by BNY Mellon is… Read More>>
Evergrande Surrenders 11 Wuhan Sites and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande hands over a set of unused plots to officials in Wuhan, the mainland securities watchdog reveals plans to improve the balance sheets of quality builders, and Hong Kong property agencies prepare… Read More>>
EC World REIT Selling Assets to Pay Debts and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, SGX-listed EC World REIT looks to sell some Hangzhou industrial assets to raise cash for debt repayment, China’s new home prices continue to fall amid a mortgage boycott, and global fund managers place… Read More>>
Cromwell E-REIT Buys UK Warehouse and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore-listed Cromwell E-REIT picks up a third logistics property in the UK, a Sentosa Cove housing project sells half of its available units at launch, and private equity giant Carlyle Group slashes its… Read More>>
Carrie Lam Questions Hong Kong Rent Relief Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong leader Carrie Lam has second thoughts about a rental deferment plan for the city’s business tenants, debt fundraising slumps to a four-year low among China’s developers, and Singapore hikes the charges… Read More>>
Shimao Shares Spike 20% on Asset Sale Report and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shimao’s shares jump on reports that the troubled developer is selling all of its projects, the chairman of one of China’s biggest insurers is under investigation for corruption, and Joseph Lau’s Chinese Estates… Read More>>
China Land Premiums Fall Despite Relaxed Rules and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s land market continues its slump despite government moves to boost credit and ease restrictions to entice developers, a South Korean investment firm acquires an office building in Brussels, and debt-saddled China Evergrande… Read More>>