Asia Pacific real estate investment news and information
Share and bond prices for China’s leading property companies fell sharply today following reports that a Ningbo real estate developer had collapsed, leaving behind RMB 3.5 billion in debt and more than 100 unhappy creditors.
The folding of the developer,… Read More>>
Hong Kong-listed Hopson Development Holdings Limited (HKG:0754) announced on Monday that its contracted sales for the two months ended 28 February 2014 amounted to about RMB 471 million – a decrease of 69.6 percent compared to the same period a… Read More>>
A broad range of China’s publicly traded real estate stocks were punished on stock exchanges in Shanghai, Shenzhen and Hong Kong today as investors reacted to the country’s first corporate bond default on Friday.
The Hang Seng Properties Index of… Read More>>
Slower sales and rising land prices will put stress on some of China’s real estate developers this year according to recent reports by credit agencies Standard & Poor’s and Moody’s.
The warnings from the ratings agencies happened in the same week that China saw its first default of a corporate bond as the country’s leaders attempt to wean businesses from their addiction to cheap credit.
Shimao Property raised a $600 million seven-year note on Tuesday, joining the flurry of Chinese developers that have tapped the market this year amid tighter onshore banking liquidity and concerns over a potential rise in interest rates.
The Hong Kong-listed group’s transaction on Tuesday – with a callable option in the fourth year – is the longest in duration and lowest in coupon done in the high-yield space so far this year.
China’s cash-strapped real estate developers could move borrowing costs internationally as the consolidating industry struggles with tighter domestic credit markets, and rapidly rising land prices.
According to Moody’s Investors Services, China’s real estate firms sold $17.88 billion of the notes… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
Local governments are expected to roll out additional tightening measures to… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
The demand for office space across China continued to decrease in 2012… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
NEW home transactions remained flat in Shanghai last week as smaller discounts… Read More>>
Credit rating agencies Moody’s and S&P (who, for those of us with memories, are experts on economic disasters) see gloomy times ahead for China’s real estate developers. In recent reports from the two agencies both predict credit problems for China’s… Read More>>
