SUBSCRIBERS
Pimco turns cautious on China property bonds on cooling signs
Published Wed, Aug 24, 2016 · 09:50 PM
Shanghai
PACIFIC Investment Management Co (Pimco) said that it is turning cautious on Chinese property developers' offshore US dollar bonds as the real estate market cools.
New-home prices gained in 51 of 70 cities last month, down from 55 in June, the statistics bureau said last week. Nomura Holdings Inc estimated that the property market will cool further in the second half with investment growth slowing.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%