In today’s roundup of regional headlines, hard-hit Vietnamese developer Novaland delays making payments on a $42 million bond, and Knight Frank predicts a full-year drop in Hong Kong’s lived-in house prices. Also making the news is a stalled project on… Read More>>
China Home Prices Fell Again in November and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s home price slump shows no signs of a turnaround, R&F co-founder Zhang Li fights extradition to the US, and global investors bid for ownership of a Hyderabad office complex.
Citi Files Winding-Up Petition Against China’s Logan Group in Hong Kong
Logan Group has become the latest defaulting Chinese developer to get socked with a winding-up petition, with a unit of banking giant Citigroup taking action against the builder and a pair of subsidiaries in two separate courts.
On 4 November,… Read More>>
Wharf’s Woo Calls for Scrapping HK Travel Curbs and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a billionaire property tycoon urges an end to Hong Kong’s onerous travel restrictions, Singapore’s Lian Beng looks to unload a Joo Chiat commercial property, and SGX-listed Cromwell E-REIT sells some industrial assets.
Investors Expect $130B in Losses on Chinese Bonds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, investors fret over billions in expected losses on Chinese developers’ offshore bonds, Shenzhen-based Logan Group’s shares nosedive as trading resumes on the Hong Kong stock exchange, and Ping An Insurance defends its call… Read More>>
China Rate Cut Boosts Developer Stocks and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a deeper-than-expected rate cut by China’s central bank sparks a rally in developer stocks, South Korea’s government requests changes in Mirae Asset’s $3 billion deal for IFC Seoul, and MGM China injects cash… Read More>>
Logan Halts Payments on Offshore Bonds, Appoints Advisors for ‘Holistic’ Restructuring
Chinese developer Logan Group has provided new details of the “holistic” approach it will take to work through its $6.6 billion debt load, including the suspension of interest payments on five sets of offshore bonds maturing over the next six… Read More>>
China Mortgage Losses Could Hit $350B and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s property crisis threatens to blow a $350 billion hole in the banking system’s mortgage portfolio, a Hong Kong political figure urges the appointment of Ping An reps to HSBC’s board, and debt-stricken… Read More>>
Sunac Pays Onshore Bond After Offshore Default and More Asia Real Estate Headlines
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).