China’s malls can now be included in the country’s real estate investment trusts of infrastructure assets, with announcements of the first successful applications under the revised rules leading Mingtiandi’s headline roundup today. Also making the list is mainland developer Jingrui’s… Read More>>
China Resources to Raise Up to $1B in Hong Kong IPO and More Asia Real Estate Headlines
A real estate unit of China Resources plans to raise up to $1 billion in a Hong Kong IPO, with that story leading our roundup of real estate headlines from around the region. Also in the news, the… Read More>>
Evergrande Wealth Management Staff Arrested and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shenzhen cops detain staff at China Evergrande’s wealth management unit, and CDL’s First Sponsor Group acquires a Netherlands office tower. Also making the list are shadow bank Zhongrong’s state-directed bailout and Country Garden’s… Read More>>
China Reportedly Preps Further Property Stimulus and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China is said to be mulling further measures to jump-start its ailing property market, and cash-strapped builder Country Garden delays a deadline for onshore bondholders to vote on a payment extension. Also making… Read More>>
Country Garden Shares Hit All-Time Low After Developer Halts Onshore Bond Trading
Country Garden Real Estate Group has shown signs of deeper financial challenges as the company halted trading of 11 onshore bonds beginning Monday, prompting investors to drive its shares to their lowest level since the company’s 2007 IPO.
Ranked as… Read More>>
China’s Sino-Ocean Asks for Extension on $1.8B in Bonds to Stave Off Default
Sino-Ocean Group is appealing to creditors for more time to meet payments coming due by 5 August on $1.8 billion in offshore bonds, according to a statement to the Hong Kong exchange late on Wednesday, as the mainland developer faces… Read More>>
Frasers Centrepoint Trust Wins $310M Green Loan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s Frasers Centrepoint Trust announces fresh financing to help its malls go green, and Sino-Ocean reportedly meets two key shareholders to discuss the Chinese developer’s debt load before an onshore bond matures next… Read More>>
Sino-Ocean Group Selling Beijing Mall to Mainland Retailer for $50M
Sino-Ocean Group has agreed to sell a Beijing shopping centre and the property’s parking area for a total of RMB 359.2 million ($50.6 million), as the state-backed Chinese developer continues a string of asset disposals in the wake of last… Read More>>
Former Chair of Dasin Retail Trust Sues to Remove Audit Head
One of three brothers controlling the sponsor of Singapore-listed Dasin Retail Trust is taking legal action accusing the head of the REIT’s audit and risk committee of unfair treatment in the latest challenge facing the financially troubled trust.
Zhang Zhencheng,… Read More>>
HSBC, StanChart Raise Best HK Mortgage Rates and More Asia Real Estate Headlines
Higher interest rates for Hong Kong homebuyers lead today’s survey of real estate news from around the region as the city’s biggest lenders adjust to central bank moves. Also making the list today is a Swire ground-breaking on a Miami… Read More>>
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