In today’s roundup of regional news headlines, Singapore’s International Plaza is relaunched for collective sale at $2 billion, crypto exchange BitMEX says it’s laying off a quarter of its global workforce, and China Evergrande reportedly reaches an agreement with an… Read More>>
PWC to Cut Audits of Private Chinese Developers and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, accounting firm PwC is reportedly set to stop auditing private Chinese developers, Soho China incurs a fine for electricity gouging in its home patch of Beijing, and Dyson officially opens its global headquarters… Read More>>
Oaktree Seizes Evergrande Jiangsu Project and More Asia Real Estate Headlines
Seizures of Evergrande projects lead our headline roundup again today as an FT report reveals that US-based debt investment specialist Oaktree has taken control of a second development from the troubled developer, following a story on a Hong Kong repo… Read More>>
Evergrande $1.7B Sale of Hong Kong HQ Falls Through and More Asia Real Estate Headlines
The Evergrande dumpster fire continues to command Asia’s real estate news cycle with Reuters reporting that the developer’s discussions with Guangzhou’s Yuexiu Property for a $1.7 billion purchase of the Evergrande Hong Kong headquarters have fallen through. Also, China’s central… Read More>>
HNA Bankruptcy Sale Continues with $71M Tender for Hong Kong Penthouse
The creditors of bankrupt mainland conglomerate HNA Group took another step towards collecting on bad loans to the parent of China’s Hainan Airlines this past week as an apartment in Hong Kong’s Mid-Levels was put up for sale in what… 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>>
CPPIB JV Sells Chennai IT Park to Mapletree for $187M
Mapletree Investments has purchased an information technology park in Chennai, India, from the Canada Pension Plan Investment Board and its Indian partner for C$250 million ($187 million) as part of the Singaporean property developer and fund manager’s plan to expand… Read More>>
Secondary Home Prices Soar for 21st Month and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, secondary home prices have surged for the 21st straight month in December, and all that froth means that there was not a single case of negative homeowner equity in the city last year…. Read More>>
Singapore Jumps to Third-Hottest APAC Market in ULI-PwC Survey
Sydney and Melbourne dominate the list of investors’ favourite real estate markets in Asia Pacific, while the region’s biggest buyers of property rekindle a romance with Singapore, according to a recent survey of industry experts.
The Emerging Trends in Real Estate… Read More>>
Asia Real Estate People in the News 2017-11-27
Sometimes, the biggest HR news in the real estate world involves people staying put, such as the re-election of the chairman of one of the world’s largest construction firms. There have been plenty of job changes too, with a Singaporean… Read More>>