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Australian property boom lifts Asian syndicated loan market
Add BT as a preferred sourcePublished Thu, Dec 15, 2016 · 09:50 PM
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Sydney
AUSTRALIAN real estate loans are bucking a slump in the syndicated lending market and have nearly quadrupled in 2016 from last year, buoyed by continuing demand for residential and commercial assets. Asian banks are taking notice.
Fifteen syndicated loan deals for constructions, land development and property acquisitions worth US$3.37 billion were signed so far this year, the highest volume since at least 2013. At least six additional transactions totalling about A$2.4 billion (S$2.6 billion) are in the pipeline.
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