In today’s roundup of regional news headlines, official stats reveal China’s deepening home price skid, and developer Sino-Ocean suspends debt payments for lack of ready cash. Also making waves are ESR’s new logistics park in India and Fantasia’s restructuring deal.
Dr M Says Country Garden Johor Project Can Sell Overseas and More Asia Real Estate Headlines
Overseas buyers of tropical condos in Country Garden’s $100 billion Forest City project in Malaysia no longer need to worry about losing their homes – they just won’t be able to live in them, according to the latest update from… Read More>>
$100B Country Garden Malaysia Project in Doubt on Mahathir Warning
Country Garden’s massive 14-square-kilometre, $100 billion Forest City (森林城市) project in Johor, Malaysia may not be completed as planned following comments by Malaysian Prime Minister Mahathir Mohamad suggesting that foreigners will not be permitted to live in the new city…. Read More>>
China Eases Capital Controls – But Not Very Much
In recent months China’s richest man lost out on a $1 billion Hollywood acquisition and hundreds of middle-class Chinese homebuyers have found themselves unable to make payments on homes in Malaysia and Melbourne. These financial mishaps were triggered at least… Read More>>
Country Garden Threatens Penalties for Defaulting Mainland Buyers at $100B Malaysian Project
Following media reports that Country Garden would give refunds to Forest City buyers caught up in China’s recent capital control measures, the Guangzhou-based developer has announced that buyers cancelling their purchases at the project in Malaysia’s Iskandar area would be… Read More>>
China Overtakes Singapore as Top Investor in Malaysia
China, accounting for 46 percent of total real estate investment in Malaysia over three years, has overtaken Singapore to become Malaysia’s number one investor, according to a new report from Cushman & Wakefield.
Thanks to some aggressive incentives from the… Read More>>
Thailand’s Richest Man Plans $3.5 Bil Bangkok Project and More Asia Real Estate Headlines
Leading today’s news, the Thai billionaire behind Fraser & Neave and Centrepoint plans the kingdom’s biggest ever project next to Bangkok’s Lumpini Park, Beijing’s plans for a satellite city trigger China’s biggest land rush since we all still believed in… Read More>>
Country Garden Closes Sales Offices for $100 Bil Malaysia Project Amid Capital Clampdown
China’s third largest developer has closed mainland sales offices for its largest overseas project as authorities in Beijing keep a tight grip on the country’s capital account.
Country Garden Holdings has shut the doors to sales offices in Shanghai and… Read More>>
Country Garden Expects $3 Bil in 2016 Sales From Malaysian Megaproject
One of China’s biggest builders is counting on a surge of sales from a $121 billion project it is building on a set of reclaimed islands between Malaysia and Singapore to bring in more than $3 billion in new sales… Read More>>
Malaysia Grants Tax Breaks to $121B Country Garden Project in Iskandar
Chinese developer Country Garden Holdings announced this weekend that its $121 billion Forest City project in Malaysia’s Iskandar region had been granted duty-free status by the Malaysian government, as the mainland home builder works together with the Malaysian authorities to… Read More>>