Asia real estate and outbound investment news
Angry tenants and landlords occupied the Beijing office of Haoyuan Hengye Long Term Rental Apartment late last month to mount their own extra-legal detention of the housing company’s management.
The move against the rental housing operator was related to allegations… Read More>>
China’s long-term rental housing market hits the headlines again a Yujian Apartment, a startup backed by Xiaomi founder Lei Jun this week received debt payment notices from a major bank, and is said to owe back rent to its landlords.
A social media post linking the leukemia death of an Alibaba employee living in an allegedly formaldehyde contaminated home operated by Sequoia China and Tencent-backed Ziroom has brought a new round of pressure on the rental housing unicorn this week.
Venture capital-backed rental apartment provider Ziroom has pledged to roll out 80,000 units of rental housing in Beijing within the next three months, while agreeing to maintain current prices for the homes, after the capital’s housing authority this month that… Read More>>
Mainland stock exchanges have suspended or terminated at least six asset-backed securities (ABS) issuances worth more than RMB 5.4 billion ($798 million) so far this month, igniting fears that authorities have broadened their clampdown on financing for Chinese real estate developers… Read More>>
Canada Pension Plan Investment Board has struck yet another deal with its favorite mainland developer, Longfor Group Holdings, as the Canadian pension fund manager and the Beijing-based builder today announced an agreement to jointly invest at least $817 million in… Read More>>
Warburg Pincus-backed Nova Property Investment has joined forces with Hong Kong-based real estate investment manager InfraRed NF to acquire a Shanghai shopping centre for RMB 465 million ($73.8 million) as the real estate development startup continues to build up its… Read More>>
Leading today’s roundup, China’s drive to promote rental housing comes with risks for the country’s big lenders, which are estimated to have extended nearly half a trillion dollars in financing to the sector. Also in the headlines, Indian developer ABIL… Read More>>
Chinese co-living operator Harbour Apartments has teamed up with its backer Gaw Capital Partners and a mainland financial firm in a drive to raise $2.58 billion in new capital for developing rental flats and co-living spaces.
Shanghai-based Harbour is setting… Read More>>
Leading today’s news, property giant CK Asset says it’s looking to build rental housing projects in mainland China as Beijing ramps up support for the sector. Also in the headlines, developer Emperor International has applied for the compulsory sale of… Read More>>
