Defaulted developer China Oceanwide’s Hong Kong listing is to be cancelled next week, with that announcement leading today’s headline roundup. Also making the list, creditors of Xinyuan Real Estate push for bankruptcy proceedings in New York and shadow bank Zhongrong… Read More>>
Suspects Detained in $36B Zhongzhi Crisis and More Asia Real Estate Headlines
China’s latest corruption case leads the real estate news from around Asia again today, with reports emerging that authorities have detained suspects in a newly launched investigation. Also making the headlines, Hong Kong developers are turning to private credit as… Read More>>
Evergrande Wealth Management Staff Arrested and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shenzhen cops detain staff at China Evergrande’s wealth management unit, and CDL’s First Sponsor Group acquires a Netherlands office tower. Also making the list are shadow bank Zhongrong’s state-directed bailout and Country Garden’s… Read More>>
Mapletree Bay Point Get HK$9B Bid from Mainland Investment Group Zhongrong
Singapore’s Mapletree Investments has reportedly received a HK$9 billion ($1.15 billion) offer from mainland China-based Zhongrong Holdings Group for its Mapletree Bay Point office building in Hong Kong’s Kowloon East area, according to market sources familiar with the negotiations who… Read More>>
Zhongrong Sells Shanghai Office Building to Five Bulls Fund for RMB 1.5B
Chinese shadow banking firm, Zhongrong International Trust, has successfully exited from its first income-earning commercial property, selling the Shanghai Zhongrong Trust Building to Shanghai-based Five Bulls Fund for RMB 1.5 billion ($220 million), according to a local news report.
The… Read More>>
Chinese Deal for London’s Crystal Palace All in Pieces
A £500 million ($772 million) plan for a Chinese developer to rebuild London’s famed Crystal Palace appears to have fallen apart recently after 16 months of delay.
Despite attracting a shortlist of architects including Zaha Hadid, Richard Rogers and David… Read More>>