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>>
Evergrande Crisis to Be Dealt With by Market Says PBOC and More Asia Real Estate Headlines
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>>
Fitch Says Evergrande Likely to Default as Paint Supplier Bristles Over Unpaid Debt
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>>
Beijing Plans $2.1B AI Park and More Asia Real Estate Headlines
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>>
SOHO China Puts Two More Projects Up for Sale and More Asia Real Estate Headlines
Supply follows demand in the region’s real estate news today as developers and investors dig through their portfolios for assets to put in front of the region’s property hungry investors. Fresh off of selling a Hongkou property last week, SOHO… Read More>>
Evergrande Invests $1.5B to Buy 5% of China Vanke and More Asia Real Estate Headlines
The battle for control of China’s largest property developer continues to stay in the headlines this month now that Evergrande has bought up a 5 percent stake in China Vanke. And there’s some good news for many home-builders as ratings… Read More>>
Sliding Retail Sales Bring Slippery Response and More Greater China Real Estate Headlines
China’s retail space glut is at least bringing consumers more entertainment options as mall operators turn to giant slides and other attractions to fill empty shopping centres. In the residential market one of the major credit agencies is pointing to… Read More>>
Evergrande Said at 6.2% Risk of Default as Chinese Bond Market Wobbles
China’s Evergrande Real Estate increased its debt load by 90 percent last year to RMB 297 billion ($45.8 billion), and now the property developer is said to have a 6.2 percent chance of defaulting on its repayments in the next… Read More>>
400% Increase in Property-Linked Loans Threatening China’s Banks: Fitch
China’s real estate industry may be showing signs of recovery this year, but the slumping sector still represents the single largest threat to the nation’s banks, according to an independent credit agency.
In a report examining risks facing China’s publicly… Read More>>
Fitch Dings Evergrande for High Leverage Levels
China real estate developer Guangzhou Evergrande was singled out by credit agency Fitch Ratings this month for its high levels of leverage and aggressive sales forecast, as lenders begin to look more closely at the risks facing Chinese property companies.