Hong Kong’s recovering office market leads today’s look at real estate news from around Asia Pacific, with a top European insurer pondering a move to West Kowloon. Also making the list are a potential new owner for a stalled Los… Read More>>
China Vanke Preps REIT Listing to Raise $138M and More Asia Real Estate Headlines
China Vanke leads Mingtiandi’s headline roundup today as the distressed developer eyes a capital raise through the listing of its long-term rental business. Also making the news, Japan’s Tokyu REIT makes a multi-family acquisition and industrial giant ESR breaks ground… Read More>>
Lendlease Sues Oceanwide Over LA Project and More Asia Real Estate Headlines
China Oceanwide’s creditors, including Aussie contractor Lendlease, have gone to court to force the sale of the developer’s Los Angeles project, with that news leading today’s roundup. Also making the list, industrial giant Goodman eyes data centre projects with an… Read More>>
Alibaba Said Mulling Sale of Intime Department Stores and More Asia Real Estate Headlines
The offline struggles of China’s biggest e-commerce company lead today’s collection of real estate headlines from around the region, as Alibaba is said to be looking for the exit from a department store bet. Also in the news, Singapore puts… Read More>>
Shanghai Court Freezes $278M in Wanda Shares and More Asia Real Estate Headlines
In today’s roundup of regional real estate headlines, a court order puts $278 million worth of Wanda Commercial shares on ice, and giant cracks in the road spark an evacuation at a Country Garden residential project in northern China. Also… Read More>>
Tahoe Sells Jiangxi Stake to Shimao to Beat Bond Deadline and More Asia Real Estate Headlines
Financial drama leads the real estate news from China today as Tahoe Group announces the sale of another project stake to Shimao in its race to meet a Thursday deadline for repaying investors in a RMB 3 billion bond.
In… Read More>>
PwC Resigns as Auditor for China Oceanwide Following Profit Warning
China Oceanwide Holdings Ltd (715:Hong Kong) has suffered a fresh setback just a week after the troubled developer warned of a substantial drop in profits for 2018 with its auditor, PriceWaterhouseCoopers, having resigned on February 22.
The London-based accounting giant… Read More>>
China Home Price Growth Slows to 9-Month Low and More Asia Real Estate Headlines
Tighter credit and stricter policy enforcement continued to slow down price growth in China’s real estate market according to the latest government figures, which put reports of average prices nationwide growing by their slowest pace in nine months at the… Read More>>
China Oceanwide Halts Construction on $1B Los Angeles Project
Developer China Oceanwide Holdings has halted construction on a $1 billion mixed-use project in Los Angeles that was previously scheduled to be completed this year, according to an account in the Los Angeles Times, citing a statement by the Beijing-based… Read More>>
China Oceanwide Acquires Genworth Financial in $2.7B Deal, Continues US Push
China Oceanwide Holdings continued its US acquisition spree by buying mortgage and life insurance firm Genworth Financial for $2.7 billion. The deal, which is subject to regulatory approval, will see the Beijing-based developer put up an additional $1.12 billion towards… Read More>>