Chinese property loans come under selling pressure
Singapore
LOAN investors are shunning Chinese property developers amid speculation that the government will target more builders after pledging to step up anti-graft probes. Loans from Shimao Property Holdings Ltd, Country Garden Holdings Co, Evergrande Real Estate Group Ltd and Greentown China Holdings Ltd maturing within four years are at levels that indicate impending stress, according to offered prices compiled by Bloomberg from two traders.
President Xi Jinping last week said there will be no let-up in his "fierce and enduring" battle against corruption, which …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses
Condo rents inch up after 7-month decline; volumes recover: SRX, 99.co
Apple to invest US$250 million into expanding Ang Mo Kio campus