The Chinese government recently unleashed a barrage of measures to prop up demand for housing following several months of falling prices and slowing sales, and at least one international ratings agency believes this is about to start turning the market… Read More>>
Agile Owners Offer $200M to Save Struggling Developer
The owners of real estate developer Agile Property announced this week that they are offering their company $200 million in loans in a bid to refinance the struggling firm after scuttling a planned rights issue.
Guangzhou-based Agile has seen its… Read More>>
Agile Property Boss Falls into Official Custody – Developer Cancels Rights Issue
Struggling China real estate developer Agile Property took a serious tumble last week when it announced the cancellation of an upcoming rights issue and the detention of Chairman Chen Zhuolin by government authorities.
Mr Chen was said to be confined… Read More>>
Moody’s Downgrades 3 China Developers in Real Estate Downturn
The combined pressures of higher debt and slowing sales for China’s real estate developers led a major ratings agency to downgrade the credit prospects of Fantasia Holdings, Guangzhou R&F, and Greentown China during the last month.
Moody’s Investor Services downgraded… Read More>>
Moody’s Says China’s Real Estate Downturn to Be Manageable
Credit rating agency Moody’s this week predicted that, even if China’s troubled real estate sector should take a turn for the worse, that the impact on the country’s broader economy should remain manageable.
“Our scenario analysis suggests that a deeper… Read More>>
Moody’s Downgrades China’s Property Industry to Negative
Increasing investor pessimism about China’s real estate market has put a scare into at least one of the world’s largest credit agencies, as Moody’s Investor Service this week downgraded the country’s property sector from stable to negative.
In a report… Read More>>
5 China Developers Jump Back into Regional Bond Market
Following Poly Real Estate’s successful bond offering on April 16th, China’s real estate companies are heading back to the international bond markets for financing, with three large developers pricing securities last week and two more said to be preparing debt… Read More>>
Moody’s Predicts Continued Slide in China Housing Sales for Q2
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 Developer Liquidity Still Stable Says Moody’s
Moody’s Investors Service says that the rated Chinese property developers will achieve positive but smaller growth in sales revenues over the next 12 months, while maintaining adequate liquidity. The announcement came recently after the collapse of a Ningbo real estate… Read More>>
Shipbuilder Belonging to Glorious Property Boss Defers Bond Payments
A Chinese shipbuilder belonging to the same group of companies as troubled developer Glorious Property Holdings Ltd (HKG:0845) has asked bondholders not to demand their money back, as it struggles to restructure its finances.
Rongsheng Heavy Industries, which was founded… Read More>>
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