1. It is the biggest single property project ever awarded in Hong Kong. 2. Lenders -- especially finance companies -- piled up debts lending to questionable property projects and projects backed by their own executives. 3. Metro Pacific Corp. said it has offered to buy the minority stake of Kuok Philippine Properties Inc. in the Bonifacio property project. 4. Upgrading the line would be crucial in providing reliable transportation from the capital to Canlubang, Laguna, where Ayala Land has its biggest property project. 5. People have been laid off in the construction sector as many private property projects have slowed down. 6. A number of Thai finance companies, heavily exposed to property development projects, are now struggling to stay afloat because of the slump. 7. Also, Insas has sold off its minority interest in a property development project in Kuala Lumpur. 8. An official with RHB Bank said normal prudent lending practice meant the bank should look at the viability of the property project, its location and target buyers. 9. Equine Park first and foremost, however, is a property development project that has to make money for its developer. 10. Finance Minister Tarrin Nimmanahaeminda said Friday that the government would inject funds into state-owned National Housing Authority to bail out troubled property projects. |
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