SGX-listed developer Ho Bee Land leads today’s roundup of real estate headlines with a warning of losses on the way in its 2023 results as the country’s property woes seep into industrial markets. Also making the news, China’s real estate… Read More>>
R&F Co-Chair Zhang Li Steps Down From Board, CEO Role After Legal Troubles
Guangzhou R&F Properties has announced the resignation of co-chairman Zhang Li as a board member and CEO, effective 29 December.
Zhang, who co-founded the developer with Hong Kong businessman Li Sze Lim in 1994, stepped down “due to his other… Read More>>
ESR Sells Korea Data Centre-Warehouse Combo and More Asia Real Estate Headlines
A rare data centre trade leads today’s collection of property headlines from around Asia with ESR announcing that it has sold Seoul server shed. China’s defaulting developers also make the list with CIFI selling its share of a Tianjin project… Read More>>
Cheung Kei Chief’s Seized Hong Kong Flat Sold at 39% Off and More Asia Real Estate Headlines
Chen Hongtian’s seized Hong Kong flat finally selling at 39 percent below the valuation price leads today’s collection of real estate headlines from around the region. Also in the news, China Evergrande has sold its yacht for $32 million as… Read More>>
China Bids to Boost Housing Market by Easing Rules and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese authorities roll out fresh measures to encourage homebuying, with Shanghai officials reportedly considering a toned-down stimulus package for the megacity. Also on the list are Country Garden’s disposal of a project stake… Read More>>
Ho Bee Land Stung by $115M First-Half Loss and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s Ho Bee Land posts a six-month loss tied to the falling value of its London properties, and Chinese developer Fantasia’s shares tumble after a long trading halt. Also making the list are… Read More>>
R&F Co-Chairman Dodges Jail, Will Pay Fines for Bribing San Francisco Official
Guangzhou R&F Properties co-chairman Zhang Li has avoided jail time and will not see criminal charges after admitting to bribing a local official in order to secure approvals for a San Francisco mixed-use project.
Under the deal reached with US… Read More>>
Carlyle Seeks $4B Exit Deal for McDonald’s China and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, US private equity giant Carlyle Group reportedly seeks a buyer for part of its stake in McDonald’s China, and McKinsey warns on remote work. Also on the list, Guangzhou R&F Properties faces a… Read More>>
China Property Investment Dip Accelerates in May and More Asia Real Estate Headlines
In today’s roundup of regional real estate headlines, investment in China real estate shows no signs of picking up after tumbling in the first five months of the year, and R&F Properties’ Zhang Li agrees to extradition to the US… Read More>>
R&F-Linked US Properties Sold Off as Mainland Developer Continues Debt Struggles
Still under arrest in London while fighting extradition to the US on corruption charges, Guangzhou R&F Properties co-chairman Zhang Li is selling off some of his California properties, including a ranch in Santa Clara and a commercial building in San… Read More>>
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