Asia real estate and outbound investment news
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>>
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.
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>>
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>>
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>>
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>>
While China had Singles’ Day earlier this month, Friday brings about the biggest shopping day in America, Black Friday. Not to be outdone by overzealous shoppers looking to grab the hottest toy, several real estate players made their own purchases… Read More>>
