Shopee parent Sea Ltd appears to be giving up its struggle to find a replacement tenant to take over its 10-year lease in a CapitaLand business park as it scales back its office space, with that story leading Mingtiandi’s headline… Read More>>
Henderson Buying 50% of CIFI Guangzhou Project and More Asia Real Estate Headlines
Henderson Land leads today’s collection of real estate headlines from around the region with the blue-chip Hong Kong developer buying out a half-stake in a Guangzhou project from its long-term partner CIFI Holdings. Also in the news, defaulting Beijing developer… Read More>>
Sunshine 100 Adds to Mainland Developer Default Drama with $179M Bond Fail
Sunshine 100 China Holdings Ltd on Sunday became the latest Chinese developer to default on an overseas bond when the Beijing-based builder failed to repay $170 million of principal and $8.93 million of interest on notes due that day.
The… Read More>>
Asia Real Estate People in the News 2018-01-15
Leading this week’s roundup of job changes, a legal industry veteran has taken on a real estate-focussed role at a British law firm that is ramping up its presence in Asia, while a Singaporean property group has announced a burst… Read More>>
Vantone’s Feng Lun Says Innovation Key to Surviving Saturated Market
One of China’s pioneer private real estate developers has some advice on how his friends and competitors can survive the current downturn in the sector, and it starts with innovation.
Speaking at a real estate finance event in Beijing last… Read More>>
China Overseas Land Drops 5.1% As Developers Continue Slide
New stocks or old stocks they were still dropping like rocks today as investors continued to punish China’s real estate shares following last week’s bond default by Chaori Solar.
One of the country’s most established players, China Overseas Land &… Read More>>
Warburg Pincus-Backed Chinese Developer Raises $258M in HK IPO
Sunshine 100 China Holdings Ltd, a commercial and residential real estate developer backed by US private equity firm Warburg Pincus had a low-end debut on the Hong Kong Stock Exchange last week as the company’s IPO came in at the bottom of pricing expectations.
Sunshine 100 raised HK$2 billion (US$258 million) after pricing its 500 million share offering at HK$4.00 per share, compared to marketing range of HK$4.00 to HK$4.80 each.