Uni-Asia Flags Potential Fair Value Losses on Hong Kong Property Projects

MT Newswires

02/14

Uni-Asia Group (SGX:CHJ) said it may recognize further fair valuation losses on its Hong Kong property investments for the second half of 2024, citing stress in the local and Mainland China property markets, according to a Thursday filing on the Singapore Exchange.

Rising office vacancies, softening rents, and weak sales have pressured valuations, with high interest rates compounding difficulties.

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