Just got retrenched from my job

[k1976]

Most distressed asset owners are in an urgency to sell due to liquidity issues,” said Lucia Leung, director of research and consultancy in Greater China for Knight Frank.


Recent figures are proving that to be true. Around 75 per cent of high-end luxury transactions in the first half of this year – those worth more than US$10 million each – involved financially stressed sellers, according to data from CBRE.


The number of distressed luxury residential assets has risen, consultants say, in areas like The Peak, Tai Tam and Southern district, and prices on some of these trophies have fallen by at least 30 per cent from their highs.

 

[k1976]

There may need to be 200 to 300 basis points of reduction until borrowers receive material relief, which may be until the end of next year to the beginning of 2026,” said Francis Ng, managing director and chief investment officer at real estate private credit firm Pacific Aegis Capital Management Group (PACM).


Experts also said rate cuts will not give substantial relief to borrowers who are under duress at the moment, as their property valuations are falling now and many are paying interest rates of nearly double digits.

 

[Sinkiesuk]

Go to e2i lo. Restaurants all need waiters. Cleaners also need.

 

[kt latha]

Just got retrenched from my job. Every job interview I went, the interviewer is a ceca knn. Jin sianz. Feels like the interview is just for wayang only, in the end they only hire their own kind.

What was your golden hand shake package ?