In today’s roundup of regional headlines, Jiayuan International becomes the third Chinese builder to lose a winding-up case, and the heir apparent to Singapore’s prime minister tries to calm property price jitters. Also making the news, China home prices inch… Read More>>
Korean Pension Giant Steps Up Climate Commitment and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, two of South Korea’s biggest institutional investors reveal plans to do business more responsibly, and Jiayuan Services becomes the latest Chinese property firm to cut ties with its auditor.
South… Read More>>
Bids for Singapore’s Golden Mile Tower Continue and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the collective sale of Singapore’s Golden Mile Tower enters the negotiation phase after its tender closes, and a Korean activist fund agrees to acquire Seoul-based Meritz Asset Management.
Golden Mile… Read More>>
Junior Tycoon Buys Developer Jiayuan’s Hong Kong HQ at 34% Off 2018 Price
A scion of the family behind Hong Kong’s Cheung & Sons conglomerate has swooped on a 14th-floor unit at 9 Queen’s Road Central, picking up the headquarters of troubled mainland developer Jiayuan International Group for HK$95 million ($12.1 million).
Jiayuan… Read More>>
Deloitte Resigns as Aoyuan Healthy Life Auditor and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Deloitte steps down as auditor of mainland developer Aoyuan’s property management spin-off, homebuilder Jiayuan gets a ratings upgrade after making an interest payment, and China’s Super Ocean seeks a capital partner for its… Read More>>
Jiayuan Selling Jiangsu Complex and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer Jiayuan agrees to sell a mixed-used complex as it fends off wind-up petitions, Hong Kong rejects a New Territories housing plan submitted by two key builders, and shareholders approve ESR Cayman’s… Read More>>
Jiayuan to Sell Property Management Arm to Jinke Unit, Makes Bond Payment
Jiayuan International on Thursday announced a tentative plan to sell its stake in subsidiary Jiayuan Services to rival Jinke Smart Services, as China’s debt-saddled developers seek to unlock value from their relatively healthy property management units.
Under the non-binding framework… Read More>>
Greenland Group Asks for Bond Extension and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shanghai-backed Greenland Holdings rattles markets with its proposal to delay a bond redemption by one year, while defaulting developer China Evergrande unveils its own scheme to compensate offshore debt holders.
ESR Sells China Logistics Property Stake for $350M and More Asia Real Estate Headlines
In today’s roundup of regional headlines, warehouse specialist ESR exits its investment in China Logistics Property and obtains a green loan, while home-sharing giant Airbnb announces plans to scrap its China listings.
ESR Sells China Logistics Property… Read More>>
Jinke Said Buying Into Jiayuan Unit and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s Jinke Smart Services Group is reportedly acquiring rival property manager Jiayuan Services Holdings, Hong Kong-based Kowloon Development agrees to buy a Zhuhai commercial project, and mainland property loan growth slows to its… Read More>>