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