
Here’s What Happened in the City of London This Week
The economy, the battle for the Bank of England and finance’s skill shortage were all in focus
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The economy, the battle for the Bank of England and finance’s skill shortage were all in focus
With rental prices increasing and competition for units growing more fierce, the number of scam listings are also on the rise. Experts advise on red flags to look for in scam listings and what to do next if you fall victim.
Activist investor Jonathan Litt has built a new position in Apartment Investment & Management Co. and has met with management to discuss ways to improve value for shareholders, including exploring a sale of the real estate investment trust, according to people familiar with the matter.
Dubai’s ruler is set to become the second-largest shareholder in Emaar Properties PJSC as part of a 7.5 billion dirham ($2 billion) deal that will hand the real estate firm full control of a key development in the city.
More than a dozen developers in a central Chinese province are seeking help from their local government to restore property sales in the face of protests from disgruntled homebuyers, a sign that tension from a mortgage payment boycott is spilling over to other areas.
Sep 20, 2021
Bloomberg News
,(Bloomberg) -- Sinic Holdings Group Co. has halted trading after an 87% slump in its shares Monday afternoon.
The Shanghai-based developer didn’t give any reason for the trading halt in Hong Kong. The sudden selloff in the last two hours leading up to the suspension was accompanied by a surge in trading volume that was about 14 times its average in the past year, according to Bloomberg-compiled data.
The company has a 9.5% $246 million bond due on Oct. 18 and Fitch Ratings revised its outlook to negative last week.
The move comes as Hong Kong’s property gauge dropped the most since May 2020 amid growing investor angst about China’s real estate crackdown and worries that Beijing may tighten grip on the city’s property sector in its “Common Prosperity” campaign.
©2021 Bloomberg L.P.