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.
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>>
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>>
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>>
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, 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>>
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>>
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>>
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>>
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>>