Buyers from Hong Kong and Singapore, where rental yields stand in the low single digits, are showing particular interest, agents say.
Sino-Ocean is joining a growing list of Chinese property developers facing liquidation lawsuits, after a nationwide deleveraging campaign begun in late 2020, sending home sales plunging and causing severe liquidity issues for these home builders.
Investors across the Asia-Pacific region are turning to gold, lured by its diversification and haven benefits at a time of uncertain economic growth and rising geopolitical risks.
The conglomerate sold a 30 per cent stake in the North tower of the Shenzhen Qianhai Chow Tai Fook Finance Centre to parent Chow Tai Fook Enterprises.
The Foshan-based developer plans to demerge its property development arm, offering shareholders the option of buying out their shares at a 57 per cent premium.
Hong Kong-listed ESR Group, an Asia-focused real estate services and investment company, said China’s securities regulator had approved its plan to list a Reit
Middle Eastern institutional investors are keen to leverage the growing economies of Southeast Asia as they diversify their portfolios amid escalating tensions between China and the West.
SHKP’s Novo Land phase 3B sold 135 of 160 units on offer on Saturday, but 30 units at Continental’s Amber Place in Cheung Sha Wan went unsold.
AI could lift Chinese banks’ fee-based income to as much as 40 per cent from 30 per cent currently, Asian Banker founder Emmanuel Daniel says.
Beijing’s most ambitious attempt yet to support China’s slumping property market fails to convince rating agencies S&P Global and Fitch, who expect more pain for the crisis-hit sector.
Some insurers have exposure in excess of 15 per cent of shareholders’ equity, report says.
Mainland China’s top securities watchdog has proposed amending a funds recognition scheme with Hong Kong in the latest move to boost cross-border trading and capital flow between the two markets.
The Shanghai Stock Exchange has barred S2C, a local chip maker, from listing its shares in the next five years, the first such moratorium since China rolled out its registration-based IPO system across the board in 2023.
China’s securities watchdog said its moves to raise the bar for IPOs, expel unqualified firms from stock exchanges and exercise greater scrutiny are to ensure the ‘survival of the fittest’.
China Merchants Shekou Holdings, the property arm of the state-owned group, said it will hire KPMG, reversing its decision to appoint scandal-plagued PwC.
Temasek Holdings, Singapore’s sovereign wealth fund, cut its stake in the Industrial and Commercial Bank of China (ICBC) twice in one day last week, reducing its share of the lender to less than 5 per cent.
State-owned China Cinda Asset Management is the latest major client to terminate its contract with PwC, after several big firms cut ties with the auditor amid growing concerns about possible financial fraud tied to embattled developer China Evergrande.
The financial services group will develop relationships with Chinese firms, advise on the capability that Absa Group has across its footprint in Africa, Absa China CEO Kaempfer says.
Tyni’s cabins are classified as ‘vehicles’, meaning they can be placed in conventionally inaccessible or protected natural locations without the need for lengthy building permits and development approvals, according to CEO Mori Nishimura.
China Merchants Port Group joins at least four other large corporations that have scrapped plans to hire or ended contracts with the auditing firm in the last month, after whistle-blowers in April alleged PwC ‘turned a blind eye’ to misconduct by China Evergrande.
China Vanke has sold a plot of land once earmarked for its new headquarters in Shenzhen for 2.24 billion yuan (US$309 million), almost 30 per cent less than it paid in 2017, as the beleaguered property developer strives to pay down its mountain of debt.
Growth in rentals on luxury residential properties cooled last quarter, as policymakers took steps to rein in inflation. Sustained demand, however, will keep the market bullish this year, Knight Frank says.
CiDi, which makes autonomous vehicles for use in mining and construction, is in talks to set up a long-term presence in Saudi Arabia as the kingdom invests heavily in infrastructure, executives say.
Distressed properties in Europe are presenting opportunistic gains for global investors because of supply and demand imbalances and pressure from high borrowing costs, UK-based Patron Capital Partners says.
Troubled property developer receives lifeline a day after Fitch Ratings downgraded its default ratings.
Evergrande NEV said local governments want to terminate investment cooperation contracts signed in April 2019 and are demanding repayment of subsidies.
Prospective homebuyers are visiting showrooms in droves while transactions have revived, according to agents, soon after Beijing unveiled its most aggressive measures to revive the housing market.
Artificial intelligence could improve organisations’ productivity by up to 47 per cent, but 76 per cent of employers say they lack the knowledge to implement AI training, says study from Amazon Web Services.
Recovery in China’s luxury home market is gaining pace, while recent measures by the government could help turn around the fortunes of the property industry.
He Lifeng stressed the need to ‘carry on the battle’ to surmount the risks that unfinished and unconstructed homes represent, as the health of the property market is tied closely to social wellness and economic development.
