India’s biggest retail deal of the year may also generate one of the country’s largest legal cases as Amazon says it is taking action against it local partner after Future Group entered into a $3.4 billion agreement with Reliance Industries.
Evergrande Slashes Prices by 30% for One Month and More Asia Real Estate Headlines
China’s housing market is headed into the busy season, and one of the country’s top developers has taken steps this month to make sales a bit more active by cutting nearly a third off the prices of its properties… Read More>>
Swire Properties Profit Falls 90% on Valuation Slide and More Asia Real Estate Headlines
Damage from the coronavirus pandemic continued to show up in the earnings of Asia’s top developers today as Hong Kong-listed Swire Properties reported a 90 percent drop in profit during the first six months of 2020.
Also… Read More>>
Seazen Holdings Scandal Spawns Insider Trading and More Asia Real Estate Headlines
The arrest last year of the chairman of one of China’s largest developers has led to further damage this week after one of the fallen bosses buddies was penalised for insider trading after learning that his friend was headed for… Read More>>
Yanlord, GIC Launch RMB 7B China Residential JV as Market Rebounds
SGX-listed Yanlord Land Group Limited said Tuesday it has partnered with Singapore’s sovereign wealth fund GIC to jointly develop integrated commercial and residential property projects in high-growth cities across China amid signs the mainland residential market is gradually recovering from… Read More>>
GuocoLand, Hong Leong JV Buys Chongqing Resi Site for RMB 1.68B and More Asia Real Estate Headlines
A joint venture between a pair of Singapore-listed companies leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the allied companies have purchased a residential plot in mainland China for $240 million, just… Read More>>
Citic Pacific Buys Hong Kong Luxury Residential Site for HK$3.2B and More Asia Real Estate Headlines
A Hong Kong residential site leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a Chinese state-backed conglomerate has paid $410 million for the plot in the Asian financial hub. Meanwhile, back on… Read More>>
WeWork Expected to Cut at Least 4,000 Staff This Week and More Asia Real Estate Headlines
The ongoing travails of WeWork lead Mingtiandi’s roundup of Asia real estate headlines today with the news that the shared office giant plans to cut at least a third of its 12,000 person team.
Also in the news, a Singapore… Read More>>
HK Hotel Room Rates Plunge 46% As Vacancy Soars and More Asia Real Estate Headlines
Discounted room rates lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Hong Kong’s hotels are suffering as visitors stay away from the teargas-filled Asian financial hub.
In other news around the region,… Read More>>
QingKe Completes $46M NASDAQ Listing and More Asia Real Estate Headlines
A Morgan Stanley-backed apartment rental operator leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the loss-making company raised $46 million through a US IPO, with shares priced at the lower end… Read More>>
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