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people's park centre

$1.3B Singapore Tender Fails to Draw a Bid and More Asia Real Estate Headlines

2022/08/20 by Proud Channara Leave a Comment

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>>

Yang Guoqiang Country Garden

China’s Biggest Developer Country Garden Warns of 70% Profit Drop

2022/08/18 by Beatrice Laforga Leave a Comment

Country Garden Holdings says that its net earnings are likely to have plunged by as much as 70 percent in the first half of 2022, as China’s deepening real estate crisis hammers the country’s largest developer.

Guangdong-based Country Garden issued… Read More>>

vanke sign square

Vanke Approved for Property Management IPO and More Asia Real Estate Headlines

2022/07/19 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, Chinese developer Vanke gets the green light from mainland authorities to spin off its property management unit in a Hong Kong IPO, while the pending sale of Pfizer’s South Korean headquarters hits a… Read More>>

BlackRock to Double Singapore Space and More Asia Real Estate Headlines

2022/06/25 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, asset management champ BlackRock plans a major expansion in Singapore, private equity giant Blackstone completes its acquisition of Aussie casino operator Crown Resorts, and Fitch Ratings drops coverage of a Chinese homebuilder.

Read More>>

China homebuyer

Fitch Sees China Home Sales Falling Up to 30% This Year as Confidence Erodes

2022/06/21 by Christopher Caillavet Leave a Comment

Fitch Ratings has revised down its 2022 forecast for China home sales to a decline of 25-30 percent as COVID-19 lockdowns, developer defaults and crumbling consumer confidence continue to suppress buyer demand.

Sales in the world’s biggest housing market were… Read More>>

China Aoyuan HQ

Deloitte Resigns as Aoyuan Healthy Life Auditor and More Asia Real Estate Headlines

2022/06/06 by McDowell Ramintas Leave a Comment

In today’s roundup of regional news headlines, Deloitte steps down as auditor of mainland developer Aoyuan’s property management spin-off, homebuilder Jiayuan gets a ratings upgrade after making an interest payment, and China’s Super Ocean seeks a capital partner for its… Read More>>

Xu rongmao

Shimao Downgraded by Fitch, Moody’s and More Asia Real Estate Headlines

2021/12/17 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, Shimao is the latest mainland developer to be hit with downgrades by key ratings agencies, shareholders baulk at Joseph Lau’s privatisation offer for Chinese Estates, and Singapore’s CDL acquires a residential development site… Read More>>

Xu Jiayin Evergrande

Evergrande Crisis to Be Dealt With by Market Says PBOC and More Asia Real Estate Headlines

2021/12/09 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, China’s central bank chief says the Evergrande crisis will be handled according to market conventions, Singapore’s luxury home sales hit a fresh record high, and Equinix opens its third data centre in the… Read More>>

evergrande directors

Fitch Says Evergrande Likely to Default as Paint Supplier Bristles Over Unpaid Debt

2021/09/08 by Christopher Caillavet Leave a Comment

China Evergrande Group suffered fresh credit downgrades this week from a pair of key credit agencies, and the world’s most indebted developer also caught flack from a paint supplier for failure to repay more than RMB 100 million ($16 million)… Read More>>

Wang JIanlin

Beijing Plans $2.1B AI Park and More Asia Real Estate Headlines

2018/01/04 by Michael Cole Leave a Comment

The race to dominate the artificial intelligence industry leads today’s real estate headlines in the region as authorities in Beijing plan a RMB 13.8 billion AI-centred high tech park in China’s capital. Closer to the centre of the northern capital,… Read More>>

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