Asia Pacific real estate investment news and information
Attempts by Kaisa Group to stonewall its creditors in the face of serial defaults appear to be backfiring after bank accounts belonging to the Hong Kong-listed developer were frozen, and bond-holders began banding together for legal action.
The defaulting developer’s… Read More>>
Kaisa Group, which defaulted on a $51.6 million loan last week, is said to have become the biggest of China’s real estate developers to go bankrupt today when the Hong Kong-listed company decided that it was ceasing all activities until it could… Read More>>
Kaisa Group Holdings may be in danger of becoming the biggest Chinese real estate developer to collapse as a result of the country’s property slump, after the Hong Kong-listed company defaulted on a HK$400 million ($51.6 million) loan on Wednesday.
On September 30th, China’s central bank issued a round of measures aimed at stimulating demand for housing in China, the most important of which may have been overlooked.
While the decision by the People’s Bank of China to broaden the… Read More>>
Qianhai is Shenzhen’s answer to Shanghai’s Free Trade Zone, and investor enthusiasm for the special economic zone is already paying dividends for China Vanke.
According to a recent story in the South China Morning Post, a new 60,000 square metre… Read More>>
The reporting season for China’s listed developers continued this week, Greentown and Sunac bought more Shanghai land, the HSBC PMI showed further signs of a slowdown, and a new website has shown up to help Chinese rich folks buy homes… Read More>>
A Chinese manufacturing index fell more than estimated in January to a six-month low, a private survey showed.
The preliminary reading of 49.6 for a Purchasing Managers’ Index released Thursday by HSBC Holdings Plc and Markit Economics compares with a final figure of 50.5 in December and a 50.3 median estimate of 19 analysts in a Bloomberg News survey. A number above 50 indicates expansion.
Here is a list of the day’s latest China real estate news collected from around the web:
China banned government departments, Communist Party agencies and state-owned companies from constructing… Read More>>
This week’s acquisition of a major foreign real estate asset by a Chinese company is Ping An Insurance Group’s purchase of the Lloyd’s of London building in the UK for ₤260 million ($388 million).
According to a statement from London-based… Read More>>
HSBC released its latest Purchasing Manager’s Index (PMI) this week and this index of manufacturer confidence and economic health hit a seven-month low. And just in case that news isn’t bad enough, the New York Times today reported that the… Read More>>
