Asia Pacific real estate investment news and information
The last-minute rescue of Kaisa Group Holdings lost some of its “happily ever-after” element this week when the troubled real estate developer warned creditors not to expect all of the money that they originally were promised.
In a statement yesterday… Read More>>
While many of China’s biggest property developers have been acquiring assets in global gateways such as Los Angeles or New York, Xu Jiayin, the chairman of Evergrande Real Estate Group has headed further north by purchasing a historic railway hotel in… Read More>>
One of China’s biggest real estate developers decided to trade in bricks and mortar for paper and ink recently, when Evergrande Real Estate Group announced that it would invest HK$950 million ($122.5 million) to acquire a Hong Kong magazine company.
“China’s home market will never crash because homeowners have to make big down-payments.” This line comes up in nearly every debate and discussion of China’s ever-controversial housing sector.
However, this reasoning may deserve some reconsideration after a recent report in… Read More>>
Xu Jiayin, the chairman of Chinese real estate developer Evergrande, was revealed this week as the buyer of a A$39 million (US$33.4 million) mansion in one of Sydney’s most exclusive neighborhoods following a record-setting transaction.
The purchase by the flamboyant… Read More>>
During this week two of China’s biggest real estate developers – Dalian Wanda and Guangzhou Evergrande – have announced major investment plans.
And just in case some analysts are not yet convinced of the less-than-encouraging outlook for China’s property market,… Read More>>
Hang Lung Group chairman Ronnie Chan has followed up on his brother’s record breaking gift to Harvard by arranging his own $20 million donation to the University of Southern California.
According to a report on the university’s website, Chan, who… Read More>>
The combined pressures of higher debt and slowing sales for China’s real estate developers led a major ratings agency to downgrade the credit prospects of Fantasia Holdings, Guangzhou R&F, and Greentown China during the last month.
Moody’s Investor Services downgraded… Read More>>
Gerald Chan of Hong Kong’s Hang Lung Properties became the biggest donor ever to Harvard University on Monday, when the Massachusetts-based institution announced that Chan would be making a $350 million gift to the university’s school of public health.
The… Read More>>
Just days after two private surveys reported that China’s average home prices continued to fall in August for the fourth straight month, there are growing signs that the government is allowing more borrowing in an attempt to bail out the… Read More>>
