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#APAC - @Yardi is proud to work with @Mingtiandi for this year's Mingtiandi-Yardi Tech Survey! Let us know your thoughts and experience in technology adoption across Asia Pacific by filling out this three-minute survey at bit.ly/3rGUcBS.
#RealEstate #PropertyManagement
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Guangzhou R&F Properties becomes the first and the only Chinese developer that has successfully extended all onshore and offshore bonds.
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TPG raises $6.8 billion for fourth opportunistic real estate fund costar.com/article/121921812…
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Struggling Chinese Retailer Gome Halts Salary Payment to Cut Costs During Business Changes bit.ly/3C95t0J
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Philippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers cna.asia/3r9paiB
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more gloom: S&P Global Ratings estimates it would take 700-800 billion yuan, to make sure distressed developers can finish the 2mln homes they have already presold. If the government lets the crisis fester that amount could more than double. wsj.com/articles/chinas-hous…
Mingtiandi retweeted
To understand where we’re at in China’s property downturn 👉🏽
It’s now state developers that are driving the bad debt ratio for real estate loans at Chinese banks to 29% this year.
bloomberg.com/news/articles/… Via @krystalchia
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[Deal Done – No. 118-120 Queen’s Road Central]
Savills recently completes the transaction of No. 118-120 Queen’s Road Central. The property comprised of 11-storey is located in Hong Kong Central business district with a site area of approx. 1,127 sq. ft.
#investment #SavillsHK
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In BofA's latest fund manager survey, about 70% of respondents expect China's GDP growth to slow to 4% or less this year. Last month, 57% of respondents thought this.
Mingtiandi retweeted
🏆CLI Group CEO Lee Chee Koon named Outstanding CEO of the Year at the #Singapore Business #Awards for steering #CapitaLand’s transformation involving a S$11 bil #merger with Ascendas-Singbridge in 2019 and #corporaterestructuring in 2021. Congrats! bit.ly/SepSBA22
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Beset by mortgage boycotts, one Chinese city has given property developers an ultimatum to revive construction on stalled projects, or else.
caixinglobal.com/2022-09-08/…
Mingtiandi retweeted
"Beijing is likely to favour lengthening the time it takes to repay the debts instead of taking a more visible haircut. Bondholders, who would prefer to take haircuts, have expressed concerns that they will have to sign up to the terms favoured by China."
ft.com/content/5d7db569-0da6…
Mingtiandi retweeted
1 dead, 7 hurt, another missing after tower crane collapses at Hong Kong site
scmp.com/news/hong-kong/soci…
Mingtiandi retweeted
Greater #Mumbai accorded 8,149 #property #sale for August 22, best in decade with 60% registration in #price band of 1crore & preferred #size btw 500-1000 sqft- Indicates buoyancy in #homebuying momentum @knightfrank @NaredcoMaha
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The Chinese metropolis of Chengdu will lock down its 21 million residents starting Thursday night, forbidding anyone without a special exemption from leaving their homes. bloomberg.com/news/articles/…
Mingtiandi retweeted
Wang Sicong, the only son of Chinese tycoon Wang Jianlin, is no longer the director of Dalian Wanda Group, business info tracker Tianyancha showed yesterday. Founder Wang Jianlin is the chairman, legal representative, and actual controller of the company.
Mingtiandi retweeted
China set up ¥200bn for property rescue.
Here’s the rub: other bonds of the developer borrowing from this fund become inferior; the fund will get paid first. Current outstanding bond holders unlikely to agree to this new debt.
China $HY bonds rebounded a little regardless.
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A two-decade boom in real estate made many Chinese families feel richer. Now that the market has turned, many are curbing spending as their wealth declines, worsening the country’s economic slowdown.
@yifanxie @TByGraceZhu
on.wsj.com/3CwNTVg
































