New World Development and Abu Dhabi’s sovereign wealth fund plan to refinance a $1.2 billion hotel loan in Hong Kong, with that story leading Mingtiandi’s headline roundup today. Also making the list, Warburg Pincus and Bain Capital vie to acquire… Read More>>
New World Tsim Sha Tsui Project Gets Planning Committee Green Light
New World Development has secured final approval for a 28-storey commercial-led project in the heart of Kowloon’s Tsim Sha Tsui district, with the builder’s redevelopment application receiving the green light from the Hong Kong Town Planning Board’s Metro Planning Committee.
New World Taps China Resources to Develop $1.3B New Territories Residential Project
New World Development has teamed with state-controlled China Resources Land on a residential joint venture worth a reported HK$10 billion ($1.28 billion), giving the debt-laden Hong Kong builder a chance to raise cash from farmland it owns in the New… Read More>>
New World’s Cheng Family Picks Number Two Son to Head Infrastructure Business
NWS Holdings, the infrastructure and construction business of New World Development and Chow Tai Fook chairman Henry Cheng, has appointed the Hong Kong tycoon’s second eldest son, Brian Cheng Chi-ming, as co-CEO as questions over succession intensify within the family’s… Read More>>
Evergrande Boss Struggles to Sell $602M Mansion and More Asia Real Estate Headlines
China Evergrande leads Asia’s real estate news again today with report that chairman Xu Jiayin is struggling to sell his furtively acquired mansion in London’s West End. Also in the news, Malaysia’s IOI acquires Kuala Lumpur’s W Hotel and Moody’s… Read More>>
New World Buying Back $610M in Bonds as Stock Slides and More Asia Real Estate Headlines
Hong Kong’s New World Development leads Mingtiandi’s review of the real estate news today with the developer buying back bonds amid a stock slide. Also in the headlines, Singapore launches a pair of residential site tenders and Hong Kong’s central… Read More>>
China Trust Lender Admits $37.5B Shortfall and More Asia Real Estate Headlines
A mainland trust lender which lent to many of China’s developer’s has joined the country’s insolvency wave and that $37.5 billion shortfall leads today’s set of real estate headlines from around Asia. Also in the news, Hong Kong’s New World… Read More>>
New World’s Henry Cheng Says Searching for Successor, May Opt for External Candidate
Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s business and did not rule out selecting an external candidate, throwing into question the role of his eldest son,… Read More>>
New World Construction Unit Buyout Approved and More Asia Real Estate Headlines
Hong Kong’s New World Group leads today’s review of real estate headlines from around the region, with the latest in its series of asset sales. Also making the list is Hillhouse expanding in Korea and US private equity heavyweights expanding… Read More>>
Vietnam Says Van Thinh Phat Committed $1.2B Fraud and More Asia Real Estate Headlines
The scam that brought down Vietnam’s real estate market leads today’s collection of headlines from around the region, with police in Southeast Asia’s fastest-growing economy giving an update on the Van Thinh Phat saga. Also in the news, Evergrande resumes… Read More>>
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