EC World REIT has received permission from lenders to delay paying off $114 million in debt that came due on 31 December, contingent on the Singapore-listed trust making a partial repayment and completing a planned divestment of two mainland China… Read More>>
Singapore-listed EC World REIT Seeks Further Extension on $114M in Debt
After failing to consummate planned divestments of a pair of Hangzhou properties, SGX-listed EC World REIT says it is now in talks with both local and foreign lenders for a further repayment extension on $114 million in debt due on… Read More>>
Sunac China Buying Hangzhou Hotel, Office Tower From Oceanwide for $340M
A pair of mainland developers — cash-strapped China Oceanwide Holdings and distressed-asset enthusiast Sunac China Holdings — have seen their interests converge once again, with Sunac agreeing to buy two of Oceanwide’s Hangzhou properties for RMB 2.2 billion ($340 million),… Read More>>
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>>
Hong Kong Home Sales Hit 13-Month High in June and More Asia Real Estate Headlines
Lower home prices in Hong Kong seem to have rekindled buyer demand as figures showing a 92 percent increase in housing sales lead today’s collection of real estate headlines from around the region.
Despite the rebound in… Read More>>
Gaw Capital Bets on Alibaba in Hangzhou Office Acquisition
Gaw Capital Partners is cozying up to Alibaba for its latest mainland China property acquisition as the private equity firm led by Goodwin Gaw takes aim at the country’s rising tech and e-commerce industries.
The Hong Kong-based investment manager, which… Read More>>
KPF Plans to Bridge Hangzhou’s West Lake, Grand Canal with RMB 19B Hang Lung Project
Hong Kong-based developer Hang Lung Properties has teamed up with New York-based architecture firm Kohn Pedersen Fox (KPF) Associates to begin construction on Westlake 66, a 194,100 square metre commercial development in Hangzhou’s Xiacheng district.
The project, which broke ground… Read More>>
Sun Hung Kai Teams Up with Ping An to Win Hangzhou Site for RMB 13.26B
A joint venture between Sun Hung Kai Properties and Ping An Insurance has won a land parcel in Hangzhou for RMB 13.26 billion ($1.88 billion), earning the right to develop 857,700 square metres (9.23 million square feet) of commercial and… Read More>>
Warburg Nears $4.25B Final Close on China-SE Asia Fund and More Asia Real Estate Headlines
Less than two weeks after filing the paperwork for its latest Asia fund, US-based private equity firm leads Mingtiandi’s roundup of real estate news with a report that it is ready to call a final close to the vehicle after… Read More>>
Kerry Properties Buys Hangzhou Site for RMB 6.8B
Hong Kong-listed Kerry Properties has won the rights to a 98,053 square metre (1 million square foot) site in the eastern China city of Hangzhou after placing the winning bid of RMB 6.814 billion ($985 million) at a government auction,… Read More>>
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