According to OUE REIT on Dec 20, it plans to divest its 91.2% stake in Lippo Plaza Shanghai for RMB 1.92 billion ($357 million) and at an agreed property value of RMB 1.68 billion. ( read original story ...)
China Property Flare-Ups Resurface as Crisis Enters Fifth Year
One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely ... ( read original story ...)
Jiayin Group Expands with New Shanghai Headquarters
Jiayin Group ( ($JFIN) ) has shared an update. Jiayin Group Inc. has announced the purchase of commercial property in Shanghai, China, intended to ... ( read original story ...)
OUE REIT divests Lippo Plaza Shanghai for $357.4 mil; all remaining assets in Singapore
OUE REIT through its wholly-owned subsidiary has entered into an agreement to divest the entire equity interest of Lippo Realty (Shanghai), which owns 91.2% share of strata ownership of Lippo Plaza in ... ( read original story ...)
Analysis-Chinese property developers look to bite bullet and revamp onshore debt in 2025
Progress by Chinese property developer Sunac towards a landmark restructuring deal for yuan bonds could open the gates to a flurry of debt agreements next year, as the sector gives up on returning to ... ( read original story ...)
China sees slowest home price decline in 17 months amid signs of stabilisation
China's home prices fell at the slowest pace in 17 months in November, with the crisis-hit property market showing signs of stabilising in some major cities amid government efforts to revive the real ... ( read original story ...)
China’s housing market rout is ending as policy moves revive confidence, home sales
Some corners of China’s property market are showing surprising signs of life. Home sales in top-tier cities like Shanghai and Beijing are flying, suggesting consumers are spending on big-ticket items ... ( read original story ...)