{"id":29693,"date":"2023-10-26T08:22:12","date_gmt":"2023-10-26T08:22:12","guid":{"rendered":"https:\/\/microloannexus.com\/news\/u-s-and-china-commercial-property-markets-face-headwinds-but-uob-is-optimistic-on-southeast-asia\/"},"modified":"2023-10-26T08:22:13","modified_gmt":"2023-10-26T08:22:13","slug":"u-s-and-china-commercial-property-markets-face-headwinds-but-uob-is-optimistic-on-southeast-asia","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=29693","title":{"rendered":"U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia"},"content":{"rendered":"
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Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment, said Singapore’s United Overseas Bank. But the bank remains optimistic about one key region.<\/p>\n

“The U.S. commercial real estate remains a hotspot, especially with the low occupancy rates that we have,” Lee Wai Fai, chief financial officer of UOB told CNBC’s “Street Signs Asia.”<\/p>\n

Vacancy rates for office buildings climbed to a record high of 18.2% in late 2022.<\/p>\n

“The other hotspots will be China, there [are] worries about the quality and whether they can manage the property uncertainty in China,” he added.<\/p>\n

China’s property market has struggled with faltering consumer confidence as major developers like Evergrande\u00a0and Country Garden