Property stocks slide as China axes troubled developers from Stock Connect

Property stocks slide as China axes troubled developers from Stock Connect

Changes to Stock Connect list trigger another round of sell-offs, pressuring the broader market already struggling near an 8-month low.

China property shares plunge after removal from Stock Connect

Shimao plummets as much as 30 per cent, the most in more than a year. Read more at straitstimes.com.

China Property Shares Plunge After Removal From Stock Connect

Shares of some Chinese developers dropped in Hong Kong after they were made inaccessible to investors in the mainland, marking another setback for the beleaguered sector.

Chinese Property Developers Removed from Stock Connect Trigger Sell-Off

The recent decision by Chinese authorities to remove troubled property developers from the Stock Connect list has led to a significant sell-off in property stocks, exacerbating the broader market’s struggles, which is already at an eight-month low. This move has triggered renewed concerns about the stability of the real estate sector in China, which has been under pressure due to ongoing financial… Source

Microsoft Selling Property in Redmond to MF Developer - Connect CRE

Microsoft Corp is planning to sell a property on the edge of the company’s campus in Redmond, Washington, to a development firm that wants to build an apartment project on the site. American Capital Group is looking to buy the 5.2-acre Microsoft property, which includes a 42-year-old high tech/high flex building. American Capital Group co-owner and President BJ Kuula confirmed that the goal is to start construction on the project in the spring o…