China Evergrande seems to be receiving new levels of government support, but whether that support is being extended to the company’s offshore bondholders is the region’s top story as the defaulting developer faced $255 million in coupon payments today, with… Read More>>
US Court Approves Bankruptcy of Singapore’s EHT and More Asia Real Estate Headlines
Singapore’s Eagle Hospitality Trust leads the day’s headlines again, as a US court ruling promises to bring closure, if not cash, to investors in the defaulted hotel REIT.
Also in debt news today, China Evergrande is trying… Read More>>
Shimao Selling Stake in West Kowloon Luxury Project for $267M
Following a week of credit downgrades and plunging shares, Shimao Group Holdings on Friday announced that it has agreed to sell its 22.5 percent interest in the Grand Victoria project in West Kowloon to its joint venture partners in the… Read More>>
Asia Real Estate People in the News 2021-12-20
The struggles of China’s cash-starved development giants lead this week’s collection of personnel moves on Mingtiandi, with Shimao Group naming new directors to both its Hong Kong-listed flagship and its property management unit.
In India, KKR has… Read More>>
Shimao Downgraded by Fitch, Moody’s and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shimao is the latest mainland developer to be hit with downgrades by key ratings agencies, shareholders baulk at Joseph Lau’s privatisation offer for Chinese Estates, and Singapore’s CDL acquires a residential development site… Read More>>
Hong Kong Heiress Bought $82M Peak Home and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a tycoon’s daughter is outed as the buyer of Asia’s priciest apartment, Chinese developers’ stocks and bonds tumble after Shimao Group flashes cash-crunch signals, and an Indonesian billionaire snaps up three… Read More>>
Shimao Deal Triggers Fresh Developer Rout and More Asia Real Estate Headlines
A sudden announcement that Shimao’s property services unit is paying $259 million for one of the group’s subsidiaries has moved the Hong Kong-listed developer centre stage in China’s developer drama, and to the top of Mingtiandi’s list of real estate… Read More>>
Chinese Developers Slump as Shimao Bonds Plummet and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, fresh concerns materialise over mainland developers as a drop in Shimao Group’s bonds sparks a wider sell-off, Evergrande’s creditors brace for a drawn-out restructuring process, and private equity investors lose their taste for… Read More>>
Mitsui Sells California Multi-Family Assets for $156M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Japan’s Mitsui completes the disposal of a California apartment project, Chinese developer Shimao issues a warning as sales slump, and northern Hong Kong villagers cry foul over plans to convert ancestral land… Read More>>
Mainland Developer Sinic Defaults on Bonds and More Asia Real Estate Headlines
China’s ongoing credit crunch dominates the real estate news today as developer Sinic Holdings Group has become the latest mainland builder to default on offshore bonds.
The debt contagion may have also spread to Shanghai-based Shimao Group, which sent its… Read More>>
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