Price declines gain speed in China’s slumping housing market, with that story leading today’s headline roundup. Also making the list, Blackstone bids for a Seoul apartment building and Sung Hung Kai Properties sees strong demand for homes at a New… Read More>>
PAG, Carlyle Scale Back Latest Buyout Funds and More Asia Real Estate Headlines
Worsening relations between China and the United States lead today’s headline roundup as geopolitics appear to be denting trans-Pacific investment fundraising with a pair of the world’s largest private equity firms scaling back their latest buyout strategies. Also in the… Read More>>
Evergrande $1.7B Sale of Hong Kong HQ Falls Through and More Asia Real Estate Headlines
The Evergrande dumpster fire continues to command Asia’s real estate news cycle with Reuters reporting that the developer’s discussions with Guangzhou’s Yuexiu Property for a $1.7 billion purchase of the Evergrande Hong Kong headquarters have fallen through. Also, China’s central… Read More>>
Shenzhen Takes in RMB 22.4B From Biggest Day of Land Sales Ever
Shenzhen auctioned off five residential land parcels to a pack of 80 project-hungry developers on Monday, bringing in a total of RMB 22.4 billion ($3.2 billion) for southern China’s top tech hub.
The city’s first residential land sale of 2019… Read More>>
Moody’s Predicts Healthier Mainland Developers and More China Real Estate Finance News
Trade wars may be jarring financial markets in Hong Kong and mainland China this week, but the market for mainland developer debt appears to be improving, with one of the major international ratings agencies predicting happier financial times ahead.
In… Read More>>
Mainland Builders Raise RMB 102B in New Cash and More China Real Estate Finance News
In early April, some of mainland China’s largest real estate developers continue to issue new dollar bonds as a spring sales recovery boosts demand for cash. Both Evergrande and Sunac made the headlines with their sales of $2 billion and… Read More>>
Yuexiu Property Announces Plan to Sell Fortune World Plaza in Guangzhou
Guangzhou-based Yuexiu Property this month issued an announcement to the Hong Kong Exchange, saying the company intends to dispose of its 100 percent equity interest in its subsidiary Guangzhou Yuehui Property, which holds Yuexiu Fortune World Plaza in Guangzhou’s Liwan… Read More>>
Hong Kong Builder Buys Kowloon Apartment Block From Yuexiu for $105M
A Hong Kong-listed construction company is buying a newly completed apartment building in Kowloon for HK$820 million ($104.8 million), from Guangzhou-based Yuexiu Property, even as Hong Kong’s housing market has begun to show signs of cooling over the summer.
Grand… Read More>>
China Housing Clampdown Sparks Divorce Boom and More Asia Real Estate Headlines
Today’s news features couples in China turning to divorce to buy homes in the country’s overheated real estate market, while mainland malls hope to forge new marriages by providing entertainment activities for those on blind dates. Among the more serious… Read More>>
Yuexiu Property Sells Stake in Guangzhou Project to Ping An for RMB 2.3 Bil
Yuexiu Property yesterday announced that it is selling a minority stake in a project in Guangzhou to a subsidiary of Ping An Real Estate for RMB 2.3 billion ($359 million).
The two government-linked mainland firms have entered into a preliminary… Read More>>