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Zhang Lei Modern Land

Modern Land Chairman Resigns, Becoming Latest Chinese Boss to Step Back

2022/11/13 by Iris Hong Leave a Comment

A Beijing developer’s founding chairman has resigned from all duties with the company according to an announcement Wednesday by the Hong Kong-listed developer in the latest example of a troubled entrepreneur stepping back from corporate leadership in China,

Zhang Lei… Read More>>

Esther Liu S&P

Mainland Residential Sales Set to Shrink Through 2023 After 50% Contraction in Q1

2022/04/10 by Pawara Laothamatas Leave a Comment

Analysts at a top credit rating agency are predicting more tough times for China’s residential property market through mid-year, with little meaningful relief through 2023, after a wave of mainland developers reported dented sales for January through March.

“We expect… Read More>>

yao wei midea

Asia Real Estate People in the News 2022-03-28

2022/03/28 by Michael Cole Leave a Comment

New directors at a pair of mainland developers lead our roundup of personnel moves from around the region today, with Beijing-based builders Midea Real Estate and Modern Land both making top level changes. There are also updates from China’s DNE… Read More>>

Zhang Peng Modern Land

Modern Land Seeks Restructuring of $1.3B Debt as Shares Drop 40%

2022/01/10 by Christopher Caillavet Leave a Comment

Modern Land on Monday announced the appointment of financial advisors to assess the Beijing-based builder’s liquidity crunch and devise a remediation plan, joining a caravan of cash-strapped Chinese developers seeking a restructuring of delinquent debts.

In an update to the… Read More>>

sun hongbin

Sunac Services Scraps $360M Acquisition of Modern Land Property Management Unit

2022/01/04 by Christopher Caillavet Leave a Comment

Mainland developer Sunac China Holdings’ property management unit has terminated an October deal to acquire a services affiliate of competitor Modern Land, which announced a large offshore debt default less than 20 days after the preliminary agreement was struck.

Hong… Read More>>

Modern Land Fails to Repay $250M Bond in Latest China Developer Default

2021/10/26 by Beatrice Laforga Leave a Comment

Beijing-based builder Modern Land China failed to repay the principal and interest due on a $250-million dollar bond due Monday, making it the latest Chinese developer to miss dollar bond payments reflecting deepening financial stress in the real estate sector.

… Read More>>

wework

WeWork Goes Public Via SPAC at $9B Valuation and More Asia Real Estate Headlines

2021/10/21 by Pimfha Chandhapradit Leave a Comment

The latest chapter in the WeWork drama is taking place on the New York stock exchange today as the shared office provider goes public through a SPAC arrangement, providing relief for investors who had bought in at valuations of as… Read More>>

Baby Zeng Jie

Fantasia Limits Bond Trading, Hires Bankruptcy Advisors and More Asia Real Estate Headlines

2021/10/11 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, China’s beleaguered developers take centre stage as Fantasia limits trading in its Shanghai bonds, Modern Land requests a payment extension on its own debt, and Evergrande’s silent treatment of offshore creditors risks a… Read More>>

Tian Jiong Great Wall

Asia Real Estate People in the News 2020-09-21

2020/09/21 by Michael Cole Leave a Comment

Board reshuffles at some of China’s largest developers lead this week’s collection of job changes in Asia Pacific, with Guangzhou R&F promoting a company veteran and Modern Land appointing a new non-executive director. There are also two senior-level shifts in… Read More>>

Christopher Kwok SHK

Sun Hung Kai Rolls Out Facial Recognition in New Mall and More Hong Kong Real Estate Headlines

2017/12/05 by Channing Huang Leave a Comment

Hong Kong’s real estate market is now the biggest in the world, so the Asian financial hub now gets its own round-up of real estate headlines on Monday, Wednesday and Friday right here on Mingtiandi. Read on for all the… Read More>>

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