HONG KONG -- Singaporean and other foreign investors are stepping up purchases of foreclosed properties in China, as Beijing's crackdown on speculation and a slowing economy lead to a wave of defaults by developers.
Property
Singapore bargain-hunters target distressed Chinese properties
Wave of developer defaults follows Beijing's crackdown on speculation
Sales of distressed properties in China hit a record in the fourth quarter of last year, according to MSCI. © Reuters
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