Sunac China Holdings showed its grasp of the politics of Chinese debt over the weekend, with the top-five mainland developer reportedly making payment on a local bond less than a week after defaulting on offshore notes. Also in the news,… Read More>>
Logan Selling 40% of Expressway Project to New World for $290M
With RMB 35.9 billion in debts coming due this year, financially troubled developer Logan Group is selling 40 percent of an expressway project in southwestern China to Hong Kong’s New World Group for RMB 1.9 billion ($290 million).
Moody’s Downgrades Logan Group Over Default Risk and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, mainland developer Logan Group suffers a credit downgrade amid default risks, shares of cash-strapped Kaisa’s property management unit sink to a post-IPO low, and SGX-listed ARA US Hospitality Trust agrees to sell a… Read More>>
How the Shanghai Govt Bailed Out Greenland Group and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, fresh details emerge about how Shanghai-based developer Greenland dodged default with government help, the slump in China home prices accelerates despite easing measures, and investors clear the way for PropertyGuru’s SPAC-led debut on… Read More>>
Wanda’s Mall Unit Said to Delay $3B IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a report throws doubt on the planned Hong Kong IPO of Dalian Wanda’s mall unit, Chinese developer Logan makes an interest payment on an ailing bond, and private equity major KKR backs an… Read More>>
SPH Chooses Temasek-Backed Offer Over Keppel and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore Press Holdings terminates Keppel’s offer for the publisher’s real estate business in favour of Cuscaden Peak, cash-strapped Evergrande vows to restart construction and home sales, and China’s bad-debt managers move to support… Read More>>
Asia Real Estate People in the News 2021-01-18
Leading this week’s roundup of personnel changes in Asia’s real estate community is a director shift at Logan Group, a Shenzhen-based developer which has been expanding its operations into Hong Kong. Also making some leadership changes is India’s Lodha Group,… Read More>>
Logan Group Buys Shanghai Residential Plot for RMB 2.4B
Shenzhen-based Logan Group won a residential plot in Shanghai’s Yangpu District at a recent government land auction with a bid of RMB 2.381 billion ($340.7 million), marking the developer’s first foothold in China’s commercial capital.
Known until recently as Logan… Read More>>
Asia Real Estate People in the News 2020-01-06
In this week’s edition of People in the News, the mainland China arm of Hong Kong-listed New World Development has made some top-level changes, while a Beijing-based property group has appointed a group president following the retirement of the previous… Read More>>
Shenzhen Takes in RMB 22.4B From Biggest Day of Land Sales Ever
Shenzhen auctioned off five residential land parcels to a pack of 80 project-hungry developers on Monday, bringing in a total of RMB 22.4 billion ($3.2 billion) for southern China’s top tech hub.
The city’s first residential land sale of 2019… Read More>>
