In today’s roundup of regional news headlines, Sunac’s shares tumble as the developer says it will miss the deadline for reporting annual results, COVID-19 troubles send Hong Kong home prices to their lowest level in over a year, and Singapore-listed… Read More>>
Sunac China Warns of Likely Default on $940M in Onshore Bonds
Sunac China Holdings has become the latest mainland developer to raise the spectre of default, announcing Friday that it was unlikely to redeem two onshore bonds with a combined balance of RMB 6 billion ($940 million) when they come due… Read More>>
Evergrande Bondholders Move Toward Lawsuit and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a group of bondholders reportedly mulls legal action against Evergrande after the surprise disclosure of seized cash at the developer’s services unit, while rival Sunac China is said to be in talks to… Read More>>
Mapletree Said Picking Banks for $1B S-REIT IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore real estate major Mapletree is reportedly consulting with various banks on an IPO for a student housing REIT, Hong Kong’s Wharf REIC predicts continued hard times after an annual profit drop, and… Read More>>
Evergrande Hires More Restructuring Advisors and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande’s restructuring process moves ahead with the hiring of additional advisors, fellow mainland developer Sunac suffers its second credit downgrade in as many days, and Singapore-listed Mapletree Logistics Trust acquires a land… Read More>>
Sunac Share Sale Raises $580M as Developer Faces Bond Deadline This Month
Mainland developer Sunac China Holdings continues to make moves to shore up its financial position, including a planned HK$4.52 billion ($580 million) share sale to a holding firm controlled by the family of chairman Sun Hongbin.
In the top-up deal… Read More>>
Sunac Services Scraps $360M Acquisition of Modern Land Property Management Unit
Mainland developer Sunac China Holdings’ property management unit has terminated an October deal to acquire a services affiliate of competitor Modern Land, which announced a large offshore debt default less than 20 days after the preliminary agreement was struck.
Hong… Read More>>
Sunac Dumps More Than $1B in Beike Shares Amid China Developer Liquidity Scramble
For the second time in two months, mainland developer Sunac China Holdings has disclosed a sizeable disposal of shares held in housing broker Beike, bringing the total sell-off to $1.084 billion since June.
Hong Kong-listed Sunac revealed Wednesday that it… Read More>>
Sunac China Raises $953M in Share Sale Combo and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer Sunac raises cash from the sale of shares and a chunk of its property management arm, Singapore’s private home sales rebound after two months of declines, and Korean conglomerate SK Group… Read More>>
Chinese Estates’ Lau Sells Kaisa Bonds at $174M Loss and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the family of billionaire Joseph Lau cuts its losses with the liquidation of its position in bonds issued by developer Kaisa Group, which is reportedly seeking buyers for Kaisa Prosperity Holdings, the group’s… Read More>>
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