Tag: Real estate lending
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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…
