Real estate transactions in the Asia-Pacific may climb to a record as more developers push for stronger balance sheets amid global uncertainties, the South China Morning Post reported

Up to a third of China's high-yield property developers could default in 2022 as stresses on bond maturities increase, Goldman Sachs warned in a note on Friday

A shareholder ballot with 99.9% of votes in favour of the Blackstone buyout effectively ended one of Australia's most storied business dynasties

China lowered the five-year loan prime rate (LPR) by 15 basis points to 4.45%, the biggest reduction since China revamped the mechanism in 2019

Securities brokerages will issue credit default swaps or credit risk mitigation warrants for the bonds to make them more attractive

Average new home prices in 70 major cities fell 0.2% on a month-on-month basis, compared with zero growth in March, according to Reuters calculations

The developer had been struggling to secure bondholders consent for the notes due in May and July 2022 totalling $729 million.

Property sales in China saw their biggest monthly fall in 16 years in April as Covid lockdowns sapped demand despite moves by officials to ease borrowing limits and revive the sector

The reduction in mortgage loan interest rates aims to support demand and promote stable and healthy development of the real estate market

Zhongliang is struggling to repay notes worth $729m. Even if it wins approval to extend bond coupons by a year, it would need to pay an extra $1.25 million due to the weak yuan

Dennis Uy, chairman of conglomerate Udenna Corporation and listed Chelsea Logistics, plans to divest from a South China Sea gas field and a commercial land leasing company

The developer had been planning to use presale funds due to pay $29.5 million in interest on the bond that was required to be repaid last month