Shanghai banks told to limit loans to property developers

BANKS in China's financial hub Shanghai have been asked by the authorities to limit loans to property developers for land purchases and to scrutinise would-be borrowers suspected of trying to access mortgages by getting divorced, the Shanghai Daily reported on...

Tee Land’s Q1 profit falls 33%

PROPERTY firm Tee Land on Friday posted a net profit of S$597,000 for the first quarter ended August 2016, down 33 per cent from S$885,000 a year ago.
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