The Nine Dragon Wall at the China Resources Buildings in Wan Chai
Banking & finance

China Resources property arm mulls IPO to raise up to US$1 billion -sources

2 hours ago

China Resources Longdation, a property arm of state-owned conglomerate China Resources, plans to raise between US$500 million and US$1 billion in a Hong Kong initial public offering (IPO), according to three sources with direct knowledge of the matter.

The Nine Dragon Wall at the China Resources Buildings in Wan Chai

China Resources property arm mulls IPO to raise up to US$1 billion -sources

China Resources Longdation, a property arm of state-owned conglomerate China Resources, plans to raise between US$500 million and US$1 billion in a Hong Kong initial public offering (IPO), according to three sources with direct knowledge of the matter.

2 hours ago

Sino-Ocean seeks deadline extension on onshore bond interest payment

Sino-Ocean plans to seek creditors’ approval to extend interest payment on an onshore bond due October 19, but it would pay interest on an offshore bond due October 26.

2 hours ago

Shanghai’s overall office vacancies continue to rise, premium areas better off

Shanghai’s office vacancy rates have continued to rise, as corporate tenants tighten their purse strings and new supply comes online, and rents have continued to decline.

13 Oct 2023 - 6:00AM
A pall of gloom continues to hang over China’s housing sector. Photo: AFP

Sino-Ocean seeks deadline extension on onshore bond interest payment

Sino-Ocean plans to seek creditors’ approval to extend interest payment on an onshore bond due October 19, but it would pay interest on an offshore bond due October 26.

2 hours ago
China property

Shanghai’s overall office vacancies continue to rise, premium areas better off

Shanghai’s office vacancy rates have continued to rise, as corporate tenants tighten their purse strings and new supply comes online, and rents have continued to decline.

Shanghai’s office vacancy rates have continued to rise, as corporate tenants tighten their purse strings and new supply comes online, and rents have continued to decline.

13 Oct 2023 - 6:00AM
China Evergrande Group

Evergrande: is founder Hui Ka-yan’s arrest linked to its US Chapter 15 filing?

Is Hui Ka-yan’s sudden ‘arrest’ related to Evergrande’s Chapter 15 filing? Did he attempt to shield his personal assets from onshore creditors, as speculated by some local media? Here’s what some restructuring experts say about the situation.

Is Hui Ka-yan’s sudden ‘arrest’ related to Evergrande’s Chapter 15 filing? Did he attempt to shield his personal assets from onshore creditors, as speculated by some local media? Here’s what some restructuring experts say about the situation.

12 Oct 2023 - 12:15PM

Troubled Kaisa’s creditors will get less than 5% back if liquidated, court hears

The debt-stricken property developer has said it is ‘cashflow insolvent’ and that its creditors will get less than 5 per cent of their money back if it is forced into liquidation, a court heard.

10 Oct 2023 - 7:46PM
Troubled Kaisa’s creditors will get less than 5% back if liquidated, court hears

Chinese banks’ earnings to remain under pressure in fourth quarter: analysts

China’s big banks are likely to face further pressure on their revenues and interest margins in the fourth quarter, as the world’s second-largest economy battles an ongoing property sector crisis and low consumer confidence, analysts said.

10 Oct 2023 - 6:19PM
Chinese banks’ earnings to remain under pressure in fourth quarter: analysts

Evergrande: is founder Hui Ka-yan’s arrest linked to its US Chapter 15 filing?

Is Hui Ka-yan’s sudden ‘arrest’ related to Evergrande’s Chapter 15 filing? Did he attempt to shield his personal assets from onshore creditors, as speculated by some local media? Here’s what some restructuring experts say about the situation.

12 Oct 2023 - 12:15PM

Troubled Kaisa’s creditors will get less than 5% back if liquidated, court hears

The debt-stricken property developer has said it is ‘cashflow insolvent’ and that its creditors will get less than 5 per cent of their money back if it is forced into liquidation, a court heard.

10 Oct 2023 - 7:46PM

Chinese banks’ earnings to remain under pressure in fourth quarter: analysts

China’s big banks are likely to face further pressure on their revenues and interest margins in the fourth quarter, as the world’s second-largest economy battles an ongoing property sector crisis and low consumer confidence, analysts said.

10 Oct 2023 - 6:19PM

Hongkongers snub new home sales in Yau Tong amid weakening real estate market

The Chill Residence development from Poly Property and L’Avenue International sold just 10 of 128 flats by Sunday afternoon.

The Chill Residence development from Poly Property and L’Avenue International sold just 10 of 128 flats by Sunday afternoon.

4 Dec 2022 - 8:56PM

Hong Kong home price forecasts too bearish, JP Morgan says

Predictions of a 30 per cent drop in Hong Kong home prices by the end of 2023, notably by Goldman Sachs, are too pessimistic, according to JP Morgan.

Predictions of a 30 per cent drop in Hong Kong home prices by the end of 2023, notably by Goldman Sachs, are too pessimistic, according to JP Morgan.

2 Dec 2022 - 10:54AM

Green buildings in Hong Kong command the highest rental premium in Asia: JLL

Grade A buildings in Hong Kong with green certification fetched rental premiums up to 28 per cent more because of limited supply, according to JLL’s Value of Sustainability report.

Grade A buildings in Hong Kong with green certification fetched rental premiums up to 28 per cent more because of limited supply, according to JLL’s Value of Sustainability report.

30 Nov 2022 - 7:30AM

Hongkongers snub new home sales in Yau Tong amid weakening real estate market

The Chill Residence development from Poly Property and L’Avenue International sold just 10 of 128 flats by Sunday afternoon.

The Chill Residence development from Poly Property and L’Avenue International sold just 10 of 128 flats by Sunday afternoon.

4 Dec 2022 - 8:56PM

Hong Kong home price forecasts too bearish, JP Morgan says

Predictions of a 30 per cent drop in Hong Kong home prices by the end of 2023, notably by Goldman Sachs, are too pessimistic, according to JP Morgan.

Predictions of a 30 per cent drop in Hong Kong home prices by the end of 2023, notably by Goldman Sachs, are too pessimistic, according to JP Morgan.

2 Dec 2022 - 10:54AM

Green buildings in Hong Kong command the highest rental premium in Asia: JLL

Grade A buildings in Hong Kong with green certification fetched rental premiums up to 28 per cent more because of limited supply, according to JLL’s Value of Sustainability report.

Grade A buildings in Hong Kong with green certification fetched rental premiums up to 28 per cent more because of limited supply, according to JLL’s Value of Sustainability report.

30 Nov 2022 - 7:30AM
Property | OPINION
Country Garden’s unfinished Wangjiang Mansion residential project is seen in Yangzhou, Jiangsu province, on September 7. The developer recently narrowly avoided a debt default. Photo: Bloomberg

Opinion | Why a property crash could be good for China

The wealth redistribution would benefit ordinary families, boost consumption and rebalance the economy. Crucially, China has the tools to minimise the short-term pain needed to achieve this.

11 Oct 2023 - 3:30PM

The View | Singapore, Seoul and Japan: Asia’s property market trend-defiers

Singapore’s housing market and South Korea’s grade A office market are outperforming most others. Japan, meanwhile, is benefiting from efforts to relocate supply chains away from China.

Singapore’s housing market and South Korea’s grade A office market are outperforming most others. Japan, meanwhile, is benefiting from efforts to relocate supply chains away from China.

9 Oct 2023 - 8:30PM
Singapore, Seoul and Japan: Asia’s property market trend-defiers

The View | A stimulus-fuelled China property rebound is just not on the cards

Continuing economic pessimism and recent policy measures to shore up the property sector are feeding hopes that a massive boost is yet to come. Investors are underestimating China’s determination to cut its reliance on property asset inflation for growth, and turn instead to technology and high-end manufacturing.

Continuing economic pessimism and recent policy measures to shore up the property sector are feeding hopes that a massive boost is yet to come. Investors are underestimating China’s determination to cut its reliance on property asset inflation for growth, and turn instead to technology and high-end manufacturing.

25 Sep 2023 - 3:30PM
A stimulus-fuelled China property rebound is just not on the cards

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