In today’s roundup of regional news headlines, Singapore’s Far East Orchard buys another British student housing accommodation, US bank Jefferies exits Li Ka-shing’s Cheung Kong Center, and China asks its top insurers to buy bonds as retail customers baulk.
Nomura Securities Said to Surrender Floor at Hong Kong’s Two IFC
Japan’s Nomura Securities is surrendering an entire floor in Hong Kong’s second-tallest office tower, having terminated its lease for the 26th floor at Two International Finance Centre last month, according to local media accounts.
After handing back the 23,076 square… Read More>>
China’s Greenland Group Opens Securities Division and More Asia Real Estate Headlines
In the news today one of China’s top developers has decided that selling stocks and bonds may be the new path to easy money and has opened its own brokerage. Also in the news, Korea’s Mirae sets up a new… Read More>>
Credit to China’s Developers Tightened as Bank Stops Property Loans
China’s real estate developers came under increasing financial pressure recently as the country’s seventh largest bank cut off credit to the sector, and reports indicate that several other banks may be following suit as the nation’s banks become more cautious… Read More>>