Sales for China’s top 100 developers fell 29 percent for the first seven months of 2019, as the government has continued a year-long clampdown on the housing market, and that trend could be set to continue, as the country’s top… Read More>>
China’s banking watchdog is clamping down on lending for land deals in Shanghai, amid a central government campaign to deleverage the property sector. A circular recently issued by the Shanghai branch of the China Banking Regulatory Commission (CBRC) has warned… Read More>>
Attempts by Kaisa Group to stonewall its creditors in the face of serial defaults appear to be backfiring after bank accounts belonging to the Hong Kong-listed developer were frozen, and bond-holders began banding together for legal action.
The defaulting developer’s… Read More>>
Chinese real estate developer Kaisa Group dug itself still deeper into default yesterday when the Hong Kong-listed company failed to make $26 million in interest payments due on offshore bonds.
The bond default is Kaisa’s second failure to meet debt… Read More>>
She’s young, kinda hot, and would like you to lend her real estate company some cash.
Logan Property Holdings, the Shenzhen-based real estate developer which is controlled by property princess Perenna Kei is braving a skeptical market to test out a… Read More>>
Much of the world may be holding its breath waiting for the next Chinese developer to fail, but investors in Singapore seem to still have a healthy appetite for debt from China’s real estate firms.
According to a story in… Read More>>
Credit ratings agency Moody’s predicts continued revenue struggles for China’s property developers in the second quarter of 2014, after the industry’s sales dropped an average of 7.7 percent in the first three months of the year.
“The weak contracted sales… Read More>>
China’s credit crunch comes as good news for London-based Forum Partners, which now plans to sell off Japan assets so it can devote more cash to the buying Chinese assets.
Brushing aside fears of a bubble, the $6 billion real… Read More>>
China’s third-largest property developer reopened the international market for Chinese real estate bonds last week with a $500 million bond issue, after the mainland’s real estate firms had fled the markets following the high profile collapse of a Ningbo developer… Read More>>
Credit ratings agency Fitch has reviewed the risks and credit-worthiness of new US dollar debt securities proposed by a subsidiary of leading China real estate developer Poly Real Estate, and given the notes a rating of BBB+. The following is… Read More>>