Asia real estate and outbound investment news
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
R&F Properties Launches 600-Condo Brisbane Project
Brisbane City Council has approved a new luxury 30-storey apartment complex in South Brisbane called… Read More>>
Chinese developer Country Garden is restarting work on a scaled back version of a residential real estate project in southern Malaysia’s Johor state after complaints from local citizens and the Singapore government.
Country Garden’s Forest City development was originally planned… Read More>>
Earlier this month Guangzhou R&F acquired its fourth project in California, and made its fifteenth overseas deal as the Guangdong-based player transforms itself into one of the most aggressive global investors among China’s real estate developers.
During the first week… Read More>>
China’s outbound investment wave continued to flow into Sydney as buyers from the mainland and Hong Kong acquired more than $1.23 billion worth of major assets during the last two months of 2014.
Most of the investors were major mainland… Read More>>
Chinese investors have bought a number of high profile overseas assets in recent years, including dropping $500 million for a yacht maker, and buying the Chase Manhattan building in New York for $725 million. Now one Beijing-based entrepreneur has bought… Read More>>
The combined pressures of higher debt and slowing sales for China’s real estate developers led a major ratings agency to downgrade the credit prospects of Fantasia Holdings, Guangzhou R&F, and Greentown China during the last month.
Moody’s Investor Services downgraded… Read More>>
Credit ratings agency Moody’s predicts continued revenue struggles for China’s property developers in the second quarter of 2014, after the industry’s sales dropped an average of 7.7 percent in the first three months of the year.
“The weak contracted sales… Read More>>
As a credit crunch caused the collapse of a private Chinese real estate developer this week, and following just two weeks after the country’s first commercial bond default, dollar-denominated bonds from the country’s real estate developers are suffering on regional… Read More>>
On February 28th, China state-run real estate developer Greenland Group announced plans to invest RMB 20 billion (US$3.26 billion) to develop projects in Malaysia’s Danga Bay.
But amidst the press releases and media coverage, perhaps the biggest milestone went unannounced… Read More>>
Shanghai-based developer Greenland Group, is planning to invest RMB 20 billion (US$3.3 billion) to develop a resort hotel and residential projects in southern Malaysia close to the border with Singapore, in the latest overseas move by one of China’s most… Read More>>
