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Brookfield Seeks $1.7 Billion Loan to Refinance Seoul IFC Deal

Brookfield Asset Management Ltd. is seeking a 2.5 trillion won ($1.7 billion) loan backed by Seoul’s International Finance Center, people familiar with the matter said, underscoring the refinancing squeeze facing investors stuck with unsold commercial real estate.

The International Finance Center complex in Seoul. Source: Google Maps
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Goldman Seeks to Buy Part of Hong Kong Builder New World’s Loan

Goldman Sachs Group Inc. has sought to purchase a portion of New World Development Co.’s loans at a discount, an indication of how one potential investor would value the debt of a builder that’s become a poster child of Hong Kong’s property woes.

The Deep Water Pavilia project, developed by New World Development Co., in Hong Kong, China. Photographer: Lam Yik/Bloomberg
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Singapore Bank UOB Struggles With Hong Kong, China Property Loans as Prices Sink

A large wager on Hong Kong and China real estate is backfiring on one of Singapore’s top banks, which is facing up to mounting troubles in the region’s deteriorating property markets.

Parkview Green in Beijing. Photographer: Simon Song/South China Morning Post/Getty Images
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