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Xu Jiayin of Evergrande (Getty Images)

Evergrande Shares Plunge 79% as Trading Restarts After 17-Month Pause

2023/08/28 by Christopher Caillavet Leave a Comment

China Evergrande’s Hong Kong-listed shares began trading Monday for the first time since March of last year, but the moment failed to translate to momentum as the defaulted developer’s stock dropped 79 percent in price to end the session at… Read More>>

WeWork Tower 535

WeWork Lenders Explore Bankruptcy Plan and More Asia Real Estate Headlines

2023/08/27 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, WeWork’s creditors eye bankruptcy proceedings for the flexible office giant, and the Chinese government approves business plans for two fund management giants. Also making the cut are a court ruling on contested land… Read More>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

Evergrande Reassures on Controls and Processes After Internal Review

2023/08/23 by Christopher Caillavet Leave a Comment

China Evergrande has completed an internal review of its internal controls and procedures, along with issues raised by its former auditor over a $2 billion loan scheme, with the defaulted developer stating that the changes being made will satisfy listing… Read More>>

Frasers Tower SG

Frasers Lands Green Loan for Singapore Tower and More Asia Real Estate Headlines

2023/08/22 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore-based Frasers Property refinances a large loan coming due next month, and Hong Kong investor Eric Chu tries to dump assets in a weak market. Also making the cut are developers on the… Read More>>

China Beijing PBOC

China Holds Mortgage Rate Steady in Surprise Move and More Asia Real Estate Headlines

2023/08/21 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, China’s central bank dashes market expectations by leaving a mortgage reference rate on hold, and Singapore’s Housing and Development Board tweaks the policy framework for build-to-order flats. Also on the list are Evergrande’s… Read More>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

China Evergrande Seeks US Bankruptcy Protection and More Asia Real Estate Headlines

2023/08/19 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, embattled builder China Evergrande files for US bankruptcy protection as it looks to finalise debt restructuring plans, and the number of properties entangled in a Singapore money-laundering probe reaches 105. Also making the… Read More>>

Xu Jiayin of Evergrande (Getty Images)

Evergrande Onshore Unit Probed by Regulator Over Alleged Disclosure Violations

2023/08/17 by Beatrice Laforga Leave a Comment

China Evergrande Group said on Wednesday that it is facing a probe by China’s securities watchdog on alleged violations of rules regarding disclosure of financial information, with the embattled property developer later that day saying it will delay a scheduled… Read More>>

China Real Estate Market

China’s New Home Prices Fall for First Time in 2023 and More Asia Real Estate Headlines

2023/08/16 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, China home prices slip despite government stimulus measures, and Singapore-listed Dasin Retail Trust draws a default notice. Also making the cut are a change in spousal status for China Evergrande’s boss and a… Read More>>

Alan Wu NWTN

Evergrande Sells $500M Stake in Electric Car Unit to Little-Known Startup

2023/08/15 by Christopher Caillavet Leave a Comment

China Evergrande Group has struck a deal to sell a 27.5 percent stake in China Evergrande New Energy Vehicle to a little-known, Chinese-controlled car maker based in the United Arab Emirates for $500 million, as the electric car unit of… Read More>>

Candor TechSpace Sector 48

Brookfield India Trust Raises $278M for Office Buys and More Asia Real Estate Headlines

2023/08/03 by Michael Cole Leave a Comment

Some equity financing for a pair of India office acquisitions leads today’s set of headlines from around Asia’s real estate industry. Also on the list today is a painful return to trading for Evergrande’s property management unit and the chairman… Read More>>

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