Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Thematic (Sector/Industry)

<ul><li>DBS has made a significant investment by acquiring office floors in Hong Kong for $334 million.</li><li>India's Mindspace REIT has expanded its portfolio with the purchase of Chennai Business Park for $321 million.</li><li>Dash and Greystar are collaborating on two apartment projects in Tokyo, indicating growth in APAC real estate.</li></ul>

DBS has made a significant investment by acquiring office floors in Hong Kong for $334 million.India's Mindspace REIT has expanded its portfolio with the purchase of Chennai Business Park for $321 million.Dash and Greystar are collaborating on two apartment projects in Tokyo, indicating growth in APAC real estate.

Asia Real Estate Tracker (16-Apr-2026): DBS buys Hong Kong office floors for $334M.

Founder-CEO & Chief Analyst, Real Estate Foresight

Robert Ciemniak

Founder-CEO & Chief Analyst

Real Estate Foresight

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development. This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities. The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

Predictive Analytics for China Property

<ul>
<li>In this note, we explore some aspects of the composition of Country Garden's projects - the cities and provinces where Country Garden has the most exposure</li>
<li>We overlay the disclosure data on exposure by province and top projects, with a few housing market metrics</li>
<li>Drawing on wider data, we compare the scale of Country Garden and Evergrande in greater detail</li>
</ul>


In this note, we explore some aspects of the composition of Country Garden's projects - the cities and provinces where Country Garden has the most exposure
We overlay the disclosure data on exposure by province and top projects, with a few housing market metrics
Drawing on wider data, we compare the scale of Country Garden and Evergrande in greater detail


Country Garden - Exploring The Project Portfolio Profile

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong Kong</li><li>Taiwan / Chinese envoy warns U.S. against further escalating tensions over Taiwan</li><li>Flood / Northwest China flash floods leave 16 dead, 36 missing</li></ul>

SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong KongTaiwan / Chinese envoy warns U.S. against further escalating tensions over TaiwanFlood / Northwest China flash floods leave 16 dead, 36 missing

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

<ul><li>Budgets / In Depth: The growing difficulty of balancing China’s local government budgets</li><li>Crash / Caixin Explains: What we know so far about the crash of flight MU5735</li><li>Audit / China’s securities watchdog mulls move to break audit deadlock with U.S.</li></ul>

Budgets / In Depth: The growing difficulty of balancing China’s local government budgetsCrash / Caixin Explains: What we know so far about the crash of flight MU5735Audit / China’s securities watchdog mulls move to break audit deadlock with U.S.

CX Daily: What We Know So Far About the Crash of Flight MU5735

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

China's economy was virtually stagnant in September, and real GDP grew just 0.2% QoQ in 3Q 2021 as YoY growth slowed to 4.9% (from 7.9% in the previous quarter). Industrial output grew just 3.1% YoY and 0.1% MoM in September, while fixed asset investment (FAI), long the key driver of China's economic activity, declined 5.5% YoY in September 2021 (and fell 3.3% YoY in 3Q 2021). With rising political uncertainty, and heightened risk of expropriation of foreign bond-holders and successful local billionaires, real GDP is likely to contract QoQ in 4Q 2021, and grow just 3% YoY, as China's FAI finally declines after two decades of over-investment. 
With global trade volume slated to grow 10.8% in 2021 (twice the pace of global real GDP growth), China has one key remaining economic strength: like the rest of Asia, China's export sector remains robust. While imports too are growing (to feed import-intensive exports), slumping FAI will cause trade surpluses to widen in 4Q 2021. However, foreign reserves are likely to continue edging lower as capital flight accelerates. 
China's foreign reserves are down this year despite consistently large monthly trade surpluses -- and foreign reserves have been largely unchanged since 1Q 2016 despite large annual trade surpluses. In September 2021, net capital and services/income outflows were US$98 billion (the largest monthly outflow since capital controls were tightened in November 2016). In Jan-Sep 2021, net outflows have swelled to US$455 billion (much larger than the US$290 billion of net outflows in Jan-Sep 2020). If <a href="https://www.smartkarma.com/entities/evergrande-property-services" target="_blank" data-smartkarma-citation="entities:30921:1" rel="noopener">Evergrande Property Services (6666 HK)</a> or its affiliate defaults on its foreign bonds (while local bond holders were paid last month), the discriminatory treatment is likely to spur larger capital outflows, and a flight from Chinese foreign-currency paper. We recommend staying Underweight China.

China's economy was virtually stagnant in September, and real GDP grew just 0.2% QoQ in 3Q 2021 as YoY growth slowed to 4.9% (from 7.9% in the previous quarter). Industrial output grew just 3.1% YoY and 0.1% MoM in September, while fixed asset investment (FAI), long the key driver of China's economic activity, declined 5.5% YoY in September 2021 (and fell 3.3% YoY in 3Q 2021). With rising political uncertainty, and heightened risk of expropriation of foreign bond-holders and successful local billionaires, real GDP is likely to contract QoQ in 4Q 2021, and grow just 3% YoY, as China's FAI finally declines after two decades of over-investment. 
With global trade volume slated to grow 10.8% in 2021 (twice the pace of global real GDP growth), China has one key remaining economic strength: like the rest of Asia, China's export sector remains robust. While imports too are growing (to feed import-intensive exports), slumping FAI will cause trade surpluses to widen in 4Q 2021. However, foreign reserves are likely to continue edging lower as capital flight accelerates. 
China's foreign reserves are down this year despite consistently large monthly trade surpluses -- and foreign reserves have been largely unchanged since 1Q 2016 despite large annual trade surpluses. In September 2021, net capital and services/income outflows were US$98 billion (the largest monthly outflow since capital controls were tightened in November 2016). In Jan-Sep 2021, net outflows have swelled to US$455 billion (much larger than the US$290 billion of net outflows in Jan-Sep 2020). If Evergrande Property Services (6666 HK) or its affiliate defaults on its foreign bonds (while local bond holders were paid last month), the discriminatory treatment is likely to spur larger capital outflows, and a flight from Chinese foreign-currency paper. We recommend staying Underweight China.  

China: Succumbing to Excess Capacity in Industry and Real-Estate, & Capital Flight

China

Evergrande Property Services Group Ltd. is an investment holding company providing comprehensive property management, community living, asset management, and community operation services for diverse properties including residential, commercial, and public facilities. The company offers a range of services such as basic property management, value-added services to non-property owners, and community convenience services. Headquartered in Guangzhou, China, the company was founded in 1997.

Evergrande Property Services Group (6666 HK)

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Evergrande Property Services Group (6666 HK)

Asia Real Estate Tracker (16-Apr-2026): DBS buys Hong Kong office floors for $334M.

DBS acquired Hong Kong office floors for $334M, Mindspace REIT bought Chennai Business Park for $321M, and Dash partnered with Greystar on Tokyo...

Asia Real Estate Tracker

Country Garden - Exploring The Project Portfolio Profile

Against the backdrop of today's disclosure by Country Garden, this piece can serve as a background read on the underlying assets - a few weeks ago...

Robert Ciemniak

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

In Depth: SPACs appear to lose shine in Singapore and Hong Kong. Chinese envoy warns U.S. against further escalating tensions over Taiwan

Caixin Global

CX Daily: What We Know So Far About the Crash of Flight MU5735

China’s securities watchdog mulls move to break audit deadlock with U.S.; What we know so far about the crash of flight MU5735; The growing...

Caixin Global

China: Succumbing to Excess Capacity in Industry and Real-Estate, & Capital Flight

China's economy was stagnant in Sep21 as FAI contracted 5.5%YoY (-3.3% in 3Q). Real GDP will decelerate to 3%YoY in 4Q21. Capital flight will...

Prasenjit K. Basu

Price Gauge

52-week Range

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