Singapore bargain-hunters target distressed Chinese properties

Singapore bargain-hunters target distressed Chinese properties

FILE PHOTO: An electronic board shows Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai, China, Oct. 25, 2022. REUTERS/Aly Song/File Photo

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.