Investors hoping that a state bailout fund which could reach RMB 1 trillion ($147 billion) will help save some of the country’s beleaguered developers or rescue bond investors may have to adjust their expectations according to a report this past… Read More>>
Vanke Approved for Property Management IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer Vanke gets the green light from mainland authorities to spin off its property management unit in a Hong Kong IPO, while the pending sale of Pfizer’s South Korean headquarters hits a… Read More>>
Hong Kong Named Priciest City for Expats and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong reclaims its crown as the costliest city in which to live and work overseas, even as an expat exodus drags down luxury residential rents. Mainland developer Vanke, meanwhile, is calling the… Read More>>
Mainland Residential Sales Set to Shrink Through 2023 After 50% Contraction in Q1
Analysts at a top credit rating agency are predicting more tough times for China’s residential property market through mid-year, with little meaningful relief through 2023, after a wave of mainland developers reported dented sales for January through March.
“We expect… Read More>>
S&P Downgrades R&F’s Hong Kong Unit, Likens Payment Extension to Default
Guangzhou R&F Properties may have avoided default and gained an extra six months to repay a $750 million offshore note that came due on Thursday, but S&P Global Ratings has labelled the group’s delaying tactic a default in all but… Read More>>
Hongkong Land Leases Exchange Square Floors to S&P Despite Central Market Slide
Office rents have been falling in Hong Kong’s Central and the rationalisation of the world’s most expensive business location may have just brought a finance multinational back to one of the district’s trophy towers.
S&P Global moved into a two-floor… Read More>>
Cindat Scores $385M Loan for NYC Hotels and More Asia Real Estate Headlines
At the top of today’s news, the private equity affiliate of one of China’s big four “bad banks” and its US partner have raised a major loan for a portfolio of Manhattan hotels and troubled conglomerate HNA faces another setback…. Read More>>
S&P Cuts Wanda Credit Rating to Junk and More Asia Real Estate Headlines
Credit is at the top of the news today as China’s top commercial developer has its paper downgraded to junk status, while Moody’s makes reassuring noises about some of the mainland’s other leading developers, despite a housing slowdown. Further south,… Read More>>
Sunac Pushes Back at Reports of Credit Cut and More Asia Real Estate Headlines
Leading today’s news, China’s most indebted developer says that the government is just fine with them borrowing even more. Also in the headlines, Hong Kong’s New World is getting more aggressive with its financing offers for new home buyers and… Read More>>
Shanghai Could Require 50% Downpayments and More Asia Real Estate Headlines
Home prices are hitting new records in Shanghai and the government seems to be unhappy. The result for homebuyers could be minimum 50 percent down-payment levels and the upshot for developers could be lower demand for housing. Plus, China’s biggest… Read More>>