Market for US landmark buildings risky: China Life
Buying by insurer's competitors have pushed up prices of trophy assets
Beijing
CHINA Life Insurance Co, which is seeking to invest more of its US$362 billion of assets abroad, said the market for US landmark buildings has become risky after buying by its competitors pushed up prices of trophy assets.
"In some hot-spot regions, landmark properties' prices have already risen quite a lot," Yang Zheng, vice president of China's biggest insurer, said, citing his January visit to the US.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US 30-year mortgage rate falls for first time since March
Government probes ‘misleading’ and ‘unrealistic’ resale listings for S$2 million HDB flats
German commercial property prices drop 9.6% in Q1
Swedish home prices swell with buyers expecting rate cuts
Blackstone, Starwood split on commercial property market risks
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price