Asia real estate and outbound investment news
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>>
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.
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>>
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>>
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>>
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 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>>
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).
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>>
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>>
