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Li Xin China Resources Land

CFLD Offloading $1.8B in Mainland Projects to China Resources Land

2022/12/30 by Greg Isaacson Leave a Comment

China Fortune Land Development is selling its interests in three mixed-use projects in the cities of Wuhan and Nanjing to mainland property giant China Resources Land for a total of RMB 12.4 billion ($1.8 billion), as the default-prone developer moves… Read More>>

Shimao boss Hui Wing Mau

Shimao Asks for Repayment Delay on $183M in Debt and More Asia Real Estate Headlines

2022/01/13 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, cash-strapped Shimao Group seeks an extension for repayments on asset-backed securities, private equity bigfoot Blackstone raises its offer for Australia’s Crown Resorts a third time, and Singapore’s Metro Group forms an investment alliance… Read More>>

Wang Wenxue CFLD

CFLD Default on $530M Bond Highlights Developer Risks From China Credit Crackdown

2021/03/04 by Christopher Caillavet 1 Comment

The impact of China’s crackdown on corporate debt came into clearer view in recent days as a former top 10 mainland developer confirmed last Friday that it was unable to repay holders of $530 million in dollar-denominated bonds that came… Read More>>

yi gang pboc

China’s Central Bank, MOHURD Target Indebted Developers

2020/08/22 by Mingtiandi Team Leave a Comment

After loosening the financial reins to boost an economy pummelled by the Covid-19 crisis in February this year, the Chinese government appears to be rolling out new measures to clamp down on flows of capital into the country’s now surging… Read More>>

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Singapore property giant CapitaLand on Thursday announced the upcoming retirement of CapitaLand Development CEO Jason … Read More>>

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Senior changes at developers in Hong Kong and mainland China lead this week’s review of personnel changes in Asia, with … Read More>>

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The passing of a global architecture giant leads this week’s round of personnel updates on Mingtiandi, as KPF mourns the … Read More>>

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