Property
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Vietnam Property Tycoon On Trial In $12.5 Billion Fraud Case
A top Vietnamese property tycoon went on trial Tuesday along with dozens of others, accused of embezzling $12.5 billion in the country’s biggest ever fraud case. Truong My Lan, chair…
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Chinese insurers warn of debt risks at property giant Vanke
SOME of China’s largest insurers are sounding an alarm over the debt risks of China Vanke, according to people familiar with the matter, as shares and bonds of the major…
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Brokers’ take: Maybank downgrades PropNex to ‘hold’, sees limited upside as property deals slow
MAYBANK downgraded PropNex to “hold” from “buy” and lowered its target price by 18.3 per cent to S$0.94 from S$1.15, as it sees limited upside on the stock. The move…
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Aspial Lifestyle unit ups stake in property debt investment platform BigFundr to 70% from 15%
ASPIAL Lifestyle’s fully-owned subsidiary Maxi-Cash Capital Management (MCCM) is raising its stake in real estate investment platform BigFundr to 70 per cent from the current 15 per cent. In a…
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First Sponsor H2 net profit plunges 96.8% to S$1.9 million on lower property handover volume in China
MIXED property developer First Sponsor Group on Tuesday (Feb 20) booked a net profit slide of 96.8 per cent to S$1.9 million for the second half ended Dec 31, 2023,…
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China state banks earmark 60 billion yuan for property projects
CHINA’S state-owned lenders have earmarked at least 60 billion yuan (S$11.4 billion) of loans for property projects eligible for support, heeding Beijing’s call to boost lending to the beleaguered housing…
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German property bank’s investor turns short seller as crisis deepens
AN INVESTOR-turned-short seller in Germany’s embattled Pfandbriefbank on Friday (Feb 16) told the company to come clean on the extent of its problem real-estate loans or risk being sucked into…
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Commercial property crisis ensnares Deutsche Pfandbriefbank as S&P downgrades rating
BONDS of Deutsche Pfandbriefbank (PBB) tumbled deeper into distressed territory on Thursday (Feb 15) after S&P Global Ratings downgraded the German lender citing its high exposure to the beleaguered US…
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Wee Cho Yaw’s business legacy may live on longer in property than in banking
BUSINESS leaders, politicians and friends paid tribute to Wee Cho Yaw, who died earlier this month at the age of 95. The late businessman was one of Singapore’s richest persons,…
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Europe’s banks under microscope with property worries swirling
EUROPE’S lenders remained in the focus of investors on Thursday (Feb 8) as analysts assessed the risk of contagion from the troubles in commercial real estate markets. Deutsche Bank has…
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MCST of Woodlands industrial property initiates civil lawsuit against owners Wee Hur
THE managing body of a strata-titled industrial property at Woodlands has commenced a civil lawsuit against its owners, which are subsidiaries of property developer Wee Hur Holdings. In the statement…
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Yellen Says US Commercial Property Concerns ‘Manageable’
US Treasury Secretary Janet Yellen expressed concern Tuesday about the commercial real estate sector in the current environment of higher interest rates — but added that the overall situation should…
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Redefining Property Investment: How MetaWealth’s Tokenization Is Changing The Real Estate Landscape
Real estate, one of the most profitable asset classes, has been inaccessible to most people because of the complex legal paperwork, management, selection process, and, most importantly, capital required. That…
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China Growth Misses Estimates As Property Crisis, Unemployment Bite
AFP China’s fourth-quarter GDP missed estimates on Wednesday as it was battered by a property crisis, sluggish consumption and global uncertainties. GDP for October-December quarter rose 5.2%, data from China’s…
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Vietnam Property Developer Faces Trial Over $12.5 Bn Bond Fraud
The chairwoman of major property developer Van Thinh Phat will go on trial in Vietnam, accused with accomplices of embezzling $12.5 billion from a bank “for personal purposes”, the official…
