CJNHF - Asian Event-Driven Weekly: Spotlight On Singapore And China Property Markets
- Singapore's largest commercial REIT offered insights about the country's office property market at its recent earnings call, and I think that the market is too bearish on the sector.
- A Chinese property developer announced a profit warning for FY 2020, which is likely attributable to current policy headwinds and the high cost of its land bank.
- A Singapore property conglomerate also recently disclosed that it might need to recognize significant write-offs relating to its prior investment in a Chinese property developer.
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Asian Event-Driven Weekly: Spotlight On Singapore And China Property Markets