China Evergrande Group has struck a deal to sell a 27.5 percent stake in China Evergrande New Energy Vehicle to a little-known, Chinese-controlled car maker based in the United Arab Emirates for $500 million, as the electric car unit of… Read More>>
Evergrande Car Unit Slides 69% as Trading Resumes and More Asia Real Estate Headlines
Evergrande may have flunked out of the electric vehicle competition, but it was stuck this week with a $2.8 billion tuition bill, per a story that leads today’s roundup of real estate news from around the region. Also in the… Read More>>
Tender Launched for Central Singapore Site and More Asia Real Estate Headlines
A government move to sell a mixed-use site in Singapore’s urban core leads today’s real estate headlines from around the region, with Brookfield also making the list as the Canadian giant says it is scouting for more assets in China…. Read More>>
$1.3B Singapore Tender Fails to Draw a Bid and More Asia Real Estate Headlines
The upper limits of Singapore’s commercial property market were successfully tested this week as a $1.3 billion project tender in the city’s Chinatown area failed to draw a single bid from potential developers. Also in the news, Evergrande’s electric vehicle… Read More>>
CICT, Link REIT Circle Singapore Mall Portfolio and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s CapitaLand and Hong Kong’s Link REIT are reportedly working on bids for a $3 billion portfolio of shopping malls in the Lion City, while developer Chip Eng Seng pulls the plug on… Read More>>
CapitaLand to Acquire Vietnam Mixed-Use Site and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, CapitaLand’s development arm agrees to acquire a mixed-use site in Ho Chi Minh City, China Vanke readies a Hong Kong IPO of its property management division, and reports emerge of Evergrande’s EV unit… Read More>>
R&F Gets Nod to Extend Annual Report Delay and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the Hong Kong stock exchange lets developer Guangzhou R&F delay the release of its 2021 results until August, China’s international infrastructure bank mulls opening its first overseas office, and debt-stricken Evergrande rallies creditors… Read More>>
China’s Beike to List in Hong Kong and More Asia Real Estate Headlines
Just two weeks after being added to an SEC watchlist which could lead to its shares being delisted by the New York Stock Exchange, Chinese real estate brokerage Ke Holdings has found a new home for its equity, with that… Read More>>
Sunac Shares Plunge as Developer Misses Deadline and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Sunac’s shares tumble as the developer says it will miss the deadline for reporting annual results, COVID-19 troubles send Hong Kong home prices to their lowest level in over a year, and Singapore-listed… Read More>>
ARA US Hospitality Trust Buys US Hotels for $48M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore-listed ARA US Hospitality Trust acquires a pair of North Carolina hotels, sovereign wealth fund GIC awaits a windfall of foreign currency reserves after a rule change, and Google is buying a London… Read More>>