Country Garden’s Forest City hit by capital controls
PETALING JAYA (June 23): It looks like Beijing’s capital controls could threaten to derail residential property sales around the globe that has been fuelled by buyers from China.
PETALING JAYA (June 23): It looks like Beijing’s capital controls could threaten to derail residential property sales around the globe that has been fuelled by buyers from China.
KUALA LUMPUR (June 22): Dalian Wanda Group, owned by China's second richest man, Wang Jianlin, was in focus on Thursday as the shares and bonds of its units plunged, according to Bloomberg.
KUALA LUMPUR (April 14): Asia ranked the second best performer after Australasia in Knight Frank’s Prime International Residential Index (PIRI) with luxury home price in Asia rising 5.
KUALA LUMPUR (April 13): The 18-acre Paragon@KL Northgate mixed development in Selayang, which carries a gross development value (GDV) of RM3.
KUALA LUMPUR (April 5): Country Garden Holdings has announced it will refund money to mainland Chinese buyers of its mega Forest City development in Johor.
KUALA LUMPUR (March 21): Beijing’s capital controls have left Chinese investors of the Forest City development in Malaysia in the lurch.
SINGAPORE (March 15): OCBC is reiterating its “buy” call on CapitaLand Retail China Trust (CRCT) at a fair value of S$1.
PETALING JAYA (Feb 16): Asian investors of hotel properties will continue to feature in 2017, with groups from Singapore at the fore, according to global real estate firm JLL.
PETALING JAYA (Jan 26): After posting a record high in 2016, China’s property market will show a slower pace of sales growth in 2017 on the back of Beijing’s tightened controls to curb property price growth, according to Moody’s Investors Service.
SINGAPORE (Jan 26): The manager of CapitaLand Retail China Trust (CRCT) has declared a distribution per unit (DPU) of 2.