Property developers

New World’s once-hot luxury development returns at a cut price

Some of the larger, premium apartments are being offered via tender, a method that can help fetch higher prices

In 2017, Hui Ka Yan was Asia’s richest man, with a net worth of US$45.3 billion, according to Forbes.

China Evergrande’s billionaire boss falls from circles of power to fraud plea

His plea draws a line under the collapse of an empire that thrust China’s property sector into the glare of global investors

Post-listing, IOI Properties will retain a 60% stake in the Reit.

IOI Properties files Reit listing that may raise RM1.98 billion

The group intends to sell 2.2 billion units to investors through a mix of retail and institutional placement

Wee Hur operates a portfolio of 6,779 student housing beds in five locations in Australia.
BROKERS’ TAKE

DBS initiates coverage on Wee Hur with ‘buy’, S$0.90 target price

The Pioneer Lodge dormitory is set to contribute S$30 million to S$40 million in revenue in 2026

Vanke has been in the midst of a liquidity crunch for more than two years, during which it has leaned heavily on loans from its state-owned shareholder to service debt.

China Vanke seeks to delay another bond payment to avoid default

The company is also facing financial pressure from interest payments on some of its loans and needs to renegotiate those terms

A new condo home’s saleable area typically captures more accurately a unit’s actual usable space.
THE LEVEL GROUND

High per square foot prices of new condos could be increasingly irrelevant to buyers

For many, the focus is on finding the right home at an acceptable absolute quantum

China’s property downturn, now in its fifth year, has been marked by a wave of developer defaults, falling home prices and a prolonged slump in sales.

China’s property slump far from over despite embattled developer Country Garden’s return to profit

Sector continues to grapple with uneven price recoveries, a supply glut and weak homebuyer confidence

Dubai’s real estate market is coming off a record rally driven by ultra-wealthy buyers who snapped up luxury villas and penthouses.

UAE developers rush to reassure investors wary of Iran war risk

Their moves reflect a rapid shift in sentiment; brokers say many buyers are adopting a wait-and-see approach

Vanke is one of the few major Chinese property developers to so far avoid default, even as its liquidity has been strained by the country’s years-long real estate crisis.

China Vanke seeks bond delay again as it works on restructuring plan

The distressed developer has been wrestling with a liquidity crunch for more than two years

Sun Hung Kai Properties typically seeks syndicated loans annually, and has rarely skipped fundraising in the past decade.

HK’s top developer gets HK$20 billion loan at multi-year low rate

Sources say the deal pays an interest margin of 60 basis points over the Hong Kong Interbank Offered Rate