HNA Says Debt Scrutiny is an Anti-Chinese Plot and More Asia Real Estate Headlines
https://www.mingtiandi.com/real-estate/crelist/hna-says-debt-scrutiny-is-an-anti-chinese-plot-and-more-asia-real-estate-headlines/
When China finally blows up financially, it will be interesting to see whether Chinese companies sell their overseas holdings. Because Japanese companies certainly sold their foreign assets, which turned out to be a big mistake - they should have sold their Japanese holdings and basically expatriated, because those foreign assets have kept their value much better than the Japanese ones. Mitsubishi Estate sold Rockefeller Center for peanuts in the 90’s. That stake is probably worth 10x today, where commercial Tokyo real estate bottomed with a 90% loss.
Interesting observation. Try that, however, in China.
In Japan you could likely get away with it. I would think dumping Chinese property and driving the value down in a market with 28 ghost cities in it would be bad form.
I completely agree with you.
I noticed a story today about the exodus from the SF Bay Area - everything from San Jose North to SF and East to Danville.
UHaul is hiring drivers to get their rigs back.
What a mess out there. I grew up there.