Tag: China property
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UOB’s Hong Kong and China Property Bets Prove Costly as Prices Fall
Overview: A High-Stakes Bet Comes Under Pressure Singapore’s United Overseas Bank (UOB) has long pursued growth by expanding its exposure to property developers and real estate projects in Hong Kong and mainland China. The strategy aimed to capitalize on strong demand and rising prices in these markets during earlier years. However, a combination of tighter…
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UOB Faces Rising Risks from Hong Kong and China Property Loans as Prices Fall
Overview: A Widening Wedge in Asia Property Financing Singapore’s United Overseas Bank (UOB) is grappling with mounting pressure from its exposure to Hong Kong and China real estate. As property prices in these markets retreat and liquidity tightens, UOB’s significant lending to developers and buyers in the region has become a focal point for investors,…