Asia real estate and outbound investment news
Kaisa Group, the second-largest US dollar bond issuer among Chinese property developers after China Evergrande, appears to have found its white knight.
State-run Chinese conglomerate CITIC, a main creditor of the cash-strapped developer, has taken over stakes in five Kaisa… Read More>>
The Continuing Growth of the GBA
The Greater Bay Area (GBA) is the Chinese government’s scheme to connect Hong Kong, Macao, Guangzhou, Shenzhen and five other cities in South China. An overarching goal of linking up these cities is to… Read More>>
Fresh trouble for flailing China Evergrande Group leads Mingtiandi’s headline roundup today as a construction firm controlled by the Shanghai government succeeds in having two sets of the developer’s assets frozen by courts.
Also in the news… Read More>>
China Fortune Land Development’s disclosure on Thursday that it had entrusted $313 million in late 2018 to a wealth management firm controlled by a convicted swindler adds another chapter to the drama of one of the mainland’s most troubled real… Read More>>
In today’s roundup of regional news headlines, private equity king Blackstone picks up a self-storage business in Melbourne, AirTrunk announces plans to build a massive data centre in Sydney, and China Evergrande’s electric car unit hopes to raise some cash… Read More>>
China Evergrande Group on Tuesday morning said it was engaging outside advisors to assess its liquidity as it acknowledged that its already shaky finances have begun a downward spiral as buyers shun its available homes and creditors swarm.
“The Company… Read More>>
After investing $1.4 billion in Sincere Property Group (协信远创) over the past 17 months, City Developments Ltd has agreed to sell its majority stake in the Chongqing-based developer for $1.00 as it writes off the mainland joint venture.
“The consideration… Read More>>
After China Evergrande New Energy Vehicle Group issued a warning this week that its first-half net loss was expected to nearly double from a year earlier, the car maker’s parent firm — debt-saddled developer China Evergrande — has confirmed that… Read More>>
Hong Kong-listed ESR is ready to help Japan take its integrated resorts to the next level as news of plans by the company to build a combined data centre and warehouse facility in a Nagasaki casino project leads today’s headline… Read More>>
Shenzhen leapt into the top five APAC metro areas for commercial real estate sales in 2020’s first quarter as China overtook Japan to emerge as the region’s biggest market during the COVID-19 era, according to research by Real Capital Analytics.
