In today’s roundup of regional news headlines, China’s newly announced support measures boost property stocks, and embattled builder Country Garden reportedly makes a payment on a ringgit-denominated bond. Also on the list, mainland megacities react to the latest stimulus and… Read More>>
China Reportedly Preps Further Property Stimulus and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China is said to be mulling further measures to jump-start its ailing property market, and cash-strapped builder Country Garden delays a deadline for onshore bondholders to vote on a payment extension. Also making… Read More>>
Country Garden Posts Six-Month Loss of $6.7B, Acknowledges Future in Doubt
Country Garden Holdings posted a first-half loss attributable to shareholders of RMB 48.9 billion ($6.7 billion), reversing a RMB 612 million profit recorded a year earlier, as the embattled Chinese developer acknowledged for the first time that “material uncertainties” threaten… Read More>>
State-Backed China Vanke Posts 19% Profit Decline and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s second-largest developer, Vanke, reports a relatively modest profit drop as red-chip China Resources Land posts healthier numbers. In other mainland builder news, Sunac narrows its six-month loss while Country Garden faces a… Read More>>
Country Garden Selling $34M in Shares to Pay Off Kingboard Loan
Country Garden’s scramble to make good on debts continued Wednesday, with the Chinese homebuilder agreeing to sell HK$270 million ($34.4 million) in new shares to Kingboard Holdings in order to make a loan payment to the Hong Kong-based laminates maker… Read More>>
Country Garden Seeks Grace Period for RMB Bond and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, once-mighty Country Garden manoeuvres to extend a maturing onshore bond, and Hong Kong home prices sag for a third month in a row. Also making the cut are a hedge funder’s luxe Shanghai… Read More>>
China Bids to Boost Housing Market by Easing Rules and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese authorities roll out fresh measures to encourage homebuying, with Shanghai officials reportedly considering a toned-down stimulus package for the megacity. Also on the list are Country Garden’s disposal of a project stake… Read More>>
Frasers Lands Green Loan for Singapore Tower and More Asia Real Estate Headlines
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>>
Country Garden Raises Doubts on Onshore Bond Payments as Offshore Default Looms
Chinese developer Country Garden appears headed for a full-scale restructuring after announcing Wednesday that “significant uncertainties” exist regarding the settlement of onshore bonds with an issued amount in excess of RMB 14.6 billion ($2 billion).
The lion’s share of the… Read More>>
Blackstone and KKR Bid for Korean Pension Debt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, fund management colossi Blackstone and KKR throw their hats in the ring to manage a Korean pension fund’s overseas real estate debt, and jilted investors vent their rage at a Chinese shadow bank…. Read More>>
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