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...“The confidence issue goes beyond real estate, although real estate is key,” said Wang Qi, chief investment officer for wealth management at UOB Kay Hian in Hong Kong....
...Even today, after a real estate boom in the area and a remade mansion, it is perhaps worth even less than the debt on the property....
Indebted property group fails to agree restructuring plan with creditors
...But Natixis warned that some smaller trusts remained “very dependent” on real estate investments....
...The sell-off has been driven by a lack of confidence in the outlook for the world’s second-largest economy and an ongoing liquidity crisis in the country’s real estate sector, which has weighed on domestic...
...It has $13.6bn in total exposure to commercial real estate in the country....
...Meanwhile, efforts to transition away from real estate-dependent growth have weighed on the economy, dragging down earnings and the shares of listed companies....
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...Shares in developers rose on Thursday following a Bloomberg report that Beijing had created a draft list of 50 real estate companies eligible for financing support....
...Bruce Pang, chief economist for greater China at JLL, a real estate research and investment company, said Chinese authorities’ subsequent pledges to provide more support for struggling private property developers...
...estate sector....
...Real estate is designed to generate income, farmland is designed to generate income. Jobs at the FT are designed to generate income. Lol. But, still, who cares?...
...“It’s a good time for select names in Chinese real estate. It is 25, 30 per cent of [gross domestic product] and it’s not going to disappear,” said Koenigsberger....
...The crisis for the real estate sector has yet to feed through into any sharp move for house prices....
...As a result, the shift that we’re seeing in business processes for regional banks is actually more pronounced outside of real estate than in real estate....
...“If the economy doesn’t improve, the real estate sector won’t improve,” said Leung....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...However, there is little sign that the liquidity crisis in China’s real estate industry is meaningfully improving....
...estate industry that many global investors would like to see....
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
Chinese property developer reveals first-half losses of $4.5bn and liabilities of $328bn
...“Hong Kong real estate is no longer a totally free market,” said Donald Choi, chief executive at Chinachem, a large unlisted developer and one of the top sellers of new flats in the city....
...The real estate group, which missed payments on international debt in early August, asked creditors to approve a grace period of 40 days for a bond with Rmb3.9bn ($535.3mn) outstanding principal coming due...
...When New York Community Bank reignited concerns about US regional banks by revealing big losses from commercial real estate loans at the end of January, Steven Mnuchin spotted his chance to get back into...
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