Singapore’s private home prices resumed their slide with a 0.7 percent drop in the third quarter, with that story leading today’s headline roundup. Also in the news, troubled developer Jiayuan is to be delisted from the Hong Kong bourse and… Read More>>
Amazon to Invest $15B in Cloud Computing in Japan and More Asia Real Estate Headlines
Amazon Web Services leads Mingtiandi’s headline roundup today with a plan to invest $15 billion in expanding its cloud computing infrastructure in Japan by 2027. Also in the news, Ascott and CapitaLand Investment see strong potential in Japan and the… Read More>>
Moody’s Cuts China Vanke Debt to Junk as Issuer Rating Teeters
Moody’s Investors Service has downgraded China Vanke’s senior unsecured bonds and medium-term note programme to junk status, citing sales declines and uncertainty over the state-backed developer’s access to funding.
In an action last Friday, Moody’s slashed the ratings for the… Read More>>
Wanda Mall Unit Downgraded by Fitch, Moody’s After Asking to Extend $600M Bond
Two of the three major credit ratings agencies have downgraded units of China’s Dalian Wanda Group after it asked holders of a $600 million bond to wait an extra year for repayment.
Fitch Ratings on Wednesday downgraded the key businesses… Read More>>
CapitaLand REIT Buying Shed in Malaysia’s Selangor and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, CapitaLand Malaysia Trust reveals plans to buy its second logistics asset, and a sharp drop in China property investment casts doubt on a robust recovery. Also making the list is a 40 percent… Read More>>
Cash-Strapped Kaisa Group Sued for $102M Over Unpaid Debt
A Hong Kong investment firm is suing mainland builder Kaisa Group Holdings to recover $102.3 million in unpaid principal and interest, in another blow to the severely indebted developer as China’s real estate crisis drags on.
Oasis Capital Management filed… Read More>>
Country Garden Borrows $927M from Chairman and ICBC to Fill Cash Gap
Country Garden Holdings, the financially stressed Chinese real estate giant, has received a helping hand this week from the company’s co-chairman as well as the Industrial and Commercial Bank of China (ICBC) through two loans totalling $928 million.
China’s top… Read More>>
Tender Launched for Central Singapore Site and More Asia Real Estate Headlines
A government move to sell a mixed-use site in Singapore’s urban core leads today’s real estate headlines from around the region, with Brookfield also making the list as the Canadian giant says it is scouting for more assets in China…. Read More>>
Kaisa Said to Put Brakes on Restructuring Talks and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Reuters reports that defaulted developer Kaisa has delayed talks with creditors on restructuring offshore debt, and a Moody’s affiliate responds to reports of office closures in key Chinese cities.
Kaisa… Read More>>
Moody’s Downgrades Fosun as Conglomerate Cuts Ties With Rating Service
Moody’s Investors Service on Tuesday downgraded Fosun International and gave the mainland conglomerate a negative outlook, citing a prohibitive short-term debt load, but not before the Chinese conglomerate announced that it was terminating its relationship with the rating agency.
Moody’s… Read More>>
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