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.
Fitch Sees China Home Sales Falling Up to 30% This Year as Confidence Erodes
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>>
Deloitte Resigns as Aoyuan Healthy Life Auditor and More Asia Real Estate Headlines
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>>
Shimao Downgraded by Fitch, Moody’s and More Asia Real Estate Headlines
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>>