German Real Estate Firm Adler Reaches Agreement With Lenders
Troubled German real estate firm Adler Group SA has reached a non-binding agreement with bondholders, according to a company statement released on Thursday morning.
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Troubled German real estate firm Adler Group SA has reached a non-binding agreement with bondholders, according to a company statement released on Thursday morning.
The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.
Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker.
Macrotech Developers Ltd., a real estate firm that operates under the brand name Lodha, expects pre-sales to grow about 20% in the year to March after reporting its highest ever quarterly revenue.
Jun 18, 2018
Bloomberg News
,(Bloomberg) -- Singapore home sales jumped to the highest in nine months in May, underscoring signs the city-state’s property market is recovering.
Developers sold 1,121 units last month, the Urban Redevelopment Authority said Monday. That’s more than the revised 732 units in April and the highest since August. Still, sales are running at a slower pace than early last year.
The city-state’s housing market is showing signs of recovering from a four-year slump even as officials watch cautiously after previous bouts of overheating. Property prices climbed 3.9 percent in the first quarter, the biggest gain in almost eight years.
“There is a healthy momentum in demand on the back of good supply,” said Desmond Sim, head of research for Singapore and Southeast Asia at CBRE Group Inc. “However, prices starting to inch up and more supply coming to the market will put a dampener on demand going forward.”
To contact the reporter on this story: Klaus Wille in Singapore at kwille@bloomberg.net
To contact the editors responsible for this story: Sree Vidya Bhaktavatsalam at sbhaktavatsa@bloomberg.net, Peter Vercoe
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