Defaulted developer Kaisa Group leads today’s headline roundup as the Shenzhen-based firm hammers out a deal with a group of bondholders. Also making the cut, Hong Kong homebuyers are increasingly forfeiting their deposits and Bank of China is switching auditors.
Fitch Downgrades China Vanke Despite Funding Push by State Banks
Fitch has downgraded key credit ratings for China Vanke and given a negative outlook to the state-backed builder, even as mainland banks deliver a raft of funding to shore up the troubled giant’s finances.
The downgrade of Vanke’s long-term foreign… Read More>>
Tokyo Office Vacancy Hits Three-Year Low and More Asia Real Estate Headlines
Japan’s thriving office market leads Mingtiandi’s headline roundup today as vacancy in top buildings falls to under 5.5 percent. Also in the news, China’s Wanda agrees to sell its UK yacht unit and S&P slashes Vanke’s credit rating to junk.
Li Ka-Shing’s CK Asset Selling Homes Below Cost and More Asia Real Estate Headlines
Hong Kong’s richest man has started selling homes below the cost of building them, with that story reading Mingtiandi’s headline roundup today. Also making the list, Fitch Ratings downgrades China Longfor to junk status and China Vanke vows to cut… Read More>>
Chinese Shadow Bank Zhongzhi Files for Bankruptcy and More Asia Real Estate Headlines
Chinese shadow banking giant Zhongzhi Enterprise Group, which owes creditors over $64 billion and has been a top lender to the real estate industry, has filed for bankruptcy, with that story leading Mingtiandi’s headline roundup today. Also making the list,… Read More>>
Fitch Downgrades Lippo Malls Indonesia Retail Trust and More Asia Real Estate Headlines
A Singapore-listed trust of Indonesian malls leads today’s headline roundup as Fitch Ratings predicts a bond default in the coming months. Also making the cut is some tough bargaining over a distressed Korean builder and Hong Kong’s Henderson Land pushes… Read More>>
Founder of Vietnam’s Novaland Selling Down Stake and More Asia Real Estate Headlines
Vietnamese developer leads today’s collection of real estate headlines as the family behind Novaland sells down its controlling stake to keep the company afloat. Also in the news, China’s central bank replaces its second deputy governor this month and Korean… Read More>>
Manulife Wins Approval for Recapitalisation Plan and More Asia Real Estate Headlines
One of Singapore’s most troubled REITs leads today’s collection of real estate headlines from around Asia as investors swallow terms for a bailout of Manulife US REIT. Also in the news, Country Garden avoids its first domestic bond default and… Read More>>
Wanda Mall Unit Downgraded by Fitch, Moody’s After Asking to Extend $600M Bond
Two of the three major credit ratings agencies have downgraded units of China’s Dalian Wanda Group after it asked holders of a $600 million bond to wait an extra year for repayment.
Fitch Ratings on Wednesday downgraded the key businesses… Read More>>
CalSTRS Slashes China Exposure and More Asia Real Estate Headlines
The ongoing redistribution of western investment in Asian markets leads today’s set of real estate headlines from around the region as one of America’s largest pension funds provides its latest portfolio update. Also making the list, Li Ka-shing’s CK Asset… Read More>>
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