The global tremors are only just starting - slump triggered by borrowing-cost hikes wiped trillion off office property values


Regulators and the market are nervous that this logjam could be concealing large, unrealised losses. — Bloomberg

CHINESE investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market.

The prices they get will help finally put hard numbers on just how much trouble the wider industry is in.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

China's factory, services activity growth slows in April
Samsung first-quarter profit up 10-fold on memory chip recovery
Ringgit opens slightly lower against US$ ahead of FOMC meeting
MKHOP makes Main Market debut at 63c/share
Growth momentum continues on Bursa
Wall St notches gain; yen surges, intervention suspected
Trading ideas: KLK, Capital A, AAX, UOA, YTL Hospitality, Malakoff, Sapura Energy, Oppstar
New accounting software not needed for e-invoicing
Govt promotes construction of social housing
AIA new business value soars 27%, adds US$2bil to buybacks

Others Also Read