Singapore sovereign fund GIC’s investment chief issues a reality check after the US central bank’s half-point rate cut, with that story leading today’s headline roundup. Also in the news, a court orders Chinese developer SRE to sell its stake in… Read More>>
China Minsheng’s SRE Group Selling 51% Stake in Shanghai Project for $470M
SRE Group has agreed to sell its entire 51 percent interest in a Shanghai residential and commercial project for RMB 3.41 billion ($470 million) after putting the ownership stake up for bid nearly four years ago.
The transaction will put… Read More>>
BlackRock Turns Bearish on China Equities and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the world’s biggest asset manager sours on China equities, and troubled developer Sunac files for Chapter 15 protection in New York. Also making the cut are GuocoLand’s latest tender win in Singapore and… Read More>>
Asia Real Estate People in the News 2023-07-17
A senior Singapore investment executive leads this week’s round of personnel moves from around the region with a potential shift from the financial to the political realms. Also making the list, a Shenzhen developer gives his son an upgrade and… Read More>>
Asia Real Estate People in the News 2020-06-01
In this week’s edition of People in the News, a reshuffle at Swire Hotels sees the former managing director step up to a new challenge, while the former deputy chairman of the Hong Kong developer’s hotels division relocates to… Read More>>
Investors Aiming for 35% Discounts on HK Offices and More Asia Real Estate Headlines
Beijing’s controversial new security law may worry many Hong Kong residents, but potential property investors seem to see the new legislation as an opportunity to pick up office assets on the cheap, according to one news account today.
Also finding… Read More>>
China Minsheng Unit Offloading 51% Stake in Shanghai Project as Losses Mount
SRE Group is seeking a buyer for its 51 percent stake in a mixed-use project in Shanghai, as the unit of China Minsheng Investment Group tries to stem escalating losses in the wake of an embezzlement scandal that saw its… Read More>>
Asia Real Estate People in the News 2020-03-02
In this week’s edition of People in the News, SRE Group’s leadership challenges steal the limelight after the developer’s chairman and executive director were detained under embezzlement charges in Shanghai, forcing the company to appoint a stand-in to assume their… Read More>>
SRE Group Directors Charged with Embezzlement and More Asia Real Estate Headlines
Embezzlement leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the chairman of SRE Group, who was detained in January, has now been formally charged with embezzlement, along with an executive director of… Read More>>
China’s SRE Group Says Chairman Detained by Mainland Police
Developer SRE Group Ltd informed the Hong Kong stock exchange today that its chairman, Peng Xinkuang was temporarily unable to perform his duties after having been detained by police in mainland China.
The real estate development subsidiary of financially troubled… Read More>>