China’s home price slide accelerated in May, despite government efforts to support the sector, with that story leading Mingtiandi’s headline roundup today. Also making the news is developer China Vanke, which saw its shares drop after taking out a $565… Read More>>
Assets Linked to Singapore Money Launderers Set to Sell and More Asia Real Estate Headlines
Singapore shophouses lead Mingtiandi’s headline roundup today as a set of properties linked to a money-laundering case in the city-state are said to be selling for over $74 million. London also makes the list as a Taiwanese developer checks out… Read More>>
KKR, SingTel Eye $1B Stake in Singapore’s STT GDC and More Asia Real Estate Headlines
US private equity major KKR and Singapore Telecommunications are reportedly seeking to buy a $1 billion stake in ST Telemedia Global Data Centres, with that story leading Mingtiandi’s headline roundup today. Also in the news, Lendlease agrees to sell its… Read More>>
PAG Said Mulling Buy of Wanda’s $14B Mall Portfolio and More Asia Real Estate Headlines
Apparently not satisfied buying out Dalian Wanda’s mall management business earlier this year, PAG is back in the news today with a report on talks to buy out the mainland developer’s nearly 500 malls leading today’s headline roundup. KKR and… Read More>>
Hong Kong Accounting Watchdog Launches Probe of PwC Role at Evergrande
Hong Kong regulators have opened an investigation into PricewaterhouseCoopers and its relationship with China Evergrande, with the inquiry coming on the heels of reports that mainland authorities are probing PwC’s role in dodgy bookkeeping at the bankrupt developer.
The Accounting… Read More>>
China Probes PwC Role in Evergrande Fraud Case and More Asia Real Estate Headlines
Chinese authorities are examining the role of bankrupt developer Evergrande’s former auditor, with that story leading today’s headline roundup. US-based DigitalBridge is also making news as it readies a bid for Australian data centre firm AirTrunk, while Japan’s Seibu is… Read More>>
Evergrande Liquidators Said Exploring Legal Action Against Former Auditor PwC
The liquidators of China Evergrande Group are reportedly considering a lawsuit against the builder’s former auditor PricewaterhouseCoopers (PwC), as creditors holding $23 billion of the bankrupted company’s offshore debt scramble for compensation.
Appointed last month to liquidate Evergrande’s Hong Kong-listed… Read More>>
WeWork Creditors Battle for Post-Restructuring Control and More Asia Real Estate Headlines
Creditors of defaulting shared office provider WeWork are now fighting over control of the company as it enters restructuring, with that story leading Mingtiandi’s headline roundup today. Also making the cut is a “final adjournment” of China Evergrande’s liquidation hearing… Read More>>
BlackRock Turns Bearish on China Equities and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the world’s biggest asset manager sours on China equities, and troubled developer Sunac files for Chapter 15 protection in New York. Also making the cut are GuocoLand’s latest tender win in Singapore and… Read More>>
Asia Real Estate People in the News 2023-09-18
Director resignations at a pair of mainland China real estate companies lead this week’s list of personnel moves from around the region, as developers continue to reel from that country’s property crisis. Also in the news is Barings naming new… Read More>>