Asia Firms Go Abroad on Hong Kong to Singapore Curbs: Mortgages

Developers in Singapore and Hong Kong, cities which last year implemented some of their most-restrictive curbs to rein in residential property prices, are shifting focus to the U.S., China and the U.K. as demand is stifled at home.

OUE Ltd., the Singapore developer that last year agreed to buy California’s tallest building, is weighing investments in New York and Miami as it branches into the U.S. Wharf Holdings Ltd. (4), the Hong Kong builder of shopping malls and apartment buildings, is expanding in at least 14 mainland Chinese cities and Singapore’s Oxley Holdings Ltd. (OHL) plans 3,400 homes in London.

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