China Deleveraging Has Mapletree Ready to Pounce on Property
- Prices may fall 10%-15% if trade war worsens, CEO Hiew says
- Hong Kong business not significantly affected by civil unrest
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China’s great deleveraging drive has Mapletree Investments Pte ready to pounce on office properties in Shanghai and Beijing, provided prices fall a bit.
“Because of deleveraging and the trade war, a lot of companies are monetizing some of their assets to strengthen their balance sheets,” Mapletree’s Chief Executive Officer Hiew Yoon Khong said in an interview. “That is driving the increased number of assets for sale, but the price expectation is still quite high.”