(Bloomberg) Hong Kong developer Lai Sun Development Co. is considering options for a planned office tower in the City of London, including a potential sale of a stake in the project.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsZimbabwe’s ZiG Wipes Out 330% Stocks RallyTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayThe
Lai Sun Weighs Stake Sale in London Office Skyscraper Project bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Next year, close to $25.6 billion of bank loans taken out by Hong Kong’s property developers will be due, and only 15% of them have been or are close to being refinanced. Whether banks will continue lending to the business elites has become a hot issue, as commercial real estate woes plague the world’s biggest cities