Business

Evergrande misses 3rd round of bond coupon payments, raising contagion fears

HONG KONG (REUTERS) – China Evergrande Group on Tuesday (Oct 12) missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near term. Some bond holders said they did not receive coupon payments totalling US$148 […]

Business

China Evergrande's billionaire boss exudes calm even as debt risks grow

HONG KONG (REUTERS) – Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Mr Hui Ka Yan showed no signs that his company, China Evergrande, was facing mounting pressure with debt repayments. Mr Hui, wearing a navy blue suit and open-neck shirt, looked relaxed […]

Business

How Covid-19 pushed the property market to adapt

Things are looking up, with virtual viewings, digitalisation of the industry set to continue Leong Boon Hoe Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional […]

Business

CMT, CCT unit holders vote in favour of merger to form new Reit

Unit holders of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) voted “resoundingly” yesterday in favour of the proposed merger to form a new real estate investment trust (Reit). While both sets of investors were in favour of the move, CCT unit holders had lower percentage approvals than those from CMT. The managers said […]