Asia real estate and outbound investment news
The credit problems of China’s real estate industry spread into its first-tier cities recently when a 220,000 square metre development project was halted by the courts after the developer ran out of cash.
The suspension of the mixed-use project belonging… Read More>>
China’s real estate industry and the shadow banking network that it relies on received a collective black eye this week when a Hangzhou developer first defaulted on loan payments, and was later arrested on fraud allegations surrounding RMB 2 billion… Read More>>
Leasing out retail space is as easy as selling colored sugar water to babies, or at least it looked that way to China beverage magnate Zong Qinghou when he opened his first Waow Plaza mall in Hangzhou in 2012.
Now… Read More>>
Troubled real estate developer Shui On Land took a small step towards shoring up its cashflow recently when it sold its Xihu Tiandi retail development to a Hong Kong investment firm for an undisclosed sum.
According to an announcement to the… Read More>>
The chairman of a Hangzhou-based real estate developer blamed “stupid officials” for the hard times that have forced him to sell out his controlling stake in Greentown China to Sunac Holdings, in a transaction valued at HK$6.3 billion (US$813 million).
Official figures released this week indicate that housing prices in China continue to cool down, although a majority of the country’s largest cities still see prices rising.
According to the latest survey by China’s National Bureau of Statistics, average home… Read More>>
While China’s real estate market slump has meant trouble for some investors, many companies continue to see it as an opportunity to shop for deals that might never be available in a bull market.
Tianjin-based developer Sunac is taking advantage of… Read More>>
The bureaucrats running the city of Hangzhou in eastern China have reached back into their command-economy toolkits for a solution to rapidly decaying housing prices – make discounts subject to government approval.
The Hangzhou government announced on Wednesday that real… Read More>>
Hong Kong real estate powerhouse Wharf (Holdings) hinted that more discounts could be on the way for its China projects as even the strongest property companies become troubled by the country’s home sales headwinds.
The 128-year-old Hong Kong conglomerate has… Read More>>
Eastern China’s Zhejiang province could be in for more trouble as the SWAT team was called in to calm protests that erupted in the city of Taizhou after property developers began discounting home prices by 30 percent late last month.
