US distressed debt specialist Oaktree Capital has seized one of Evergrande’s most-prized assets in mainland China, a rare intrusion by a global investor in a domestic crisis caused by the biggest ever collapse of a property developer. Hopson Development Holdings is looking to buy high-quality real estate from distressed peers in China. IMF warns of wider repercussions from China’s property crisis. Hang Lung Properties Ltd. is looking for opportunities to buy distressed property in tier one and tier two cities. CapitaLand’s CICT set to target Singapore Acquisitions as the real estate investment trust sets its sights on adding to its Singapore properties. China Announces New Tax Breaks for REITs market to boost the nascent REIT’s market. . . .
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