Leading today’s Hong Kong real estate news, S&P Global Ratings has some ideas as to why mainland developers have suddenly stopped splurging on land in the city. Also in the headlines, a property brokerage says flexible office operators will lease… Read More>>
Credit Agency Fitch Sees Trouble for China’s Small Developers
Credit ratings agency Fitch has reviewed the recent collapse of a property developer in eastern China, and find that this case represents industry trends that investors should be aware of. The text of the agency’s statement follows.
Fitch Ratings says… Read More>>
Property Stocks and Bonds Fall After Ningbo Developer Collapse
Share and bond prices for China’s leading property companies fell sharply today following reports that a Ningbo real estate developer had collapsed, leaving behind RMB 3.5 billion in debt and more than 100 unhappy creditors.
The folding of the developer,… Read More>>
Beijing Halts Land Sale Ahead of Party Meetings
Local governments in China favor letting the market determine real estate prices, except when it might become a hot topic at internal party meetings. This seems to be the message from the recent cancellation of an upcoming land sale in… Read More>>
Shimao Raises $600M in Bonds as China’s Developers Struggle for Cash
Shimao Property raised a $600 million seven-year note on Tuesday, joining the flurry of Chinese developers that have tapped the market this year amid tighter onshore banking liquidity and concerns over a potential rise in interest rates.
The Hong Kong-listed group’s transaction on Tuesday – with a callable option in the fourth year – is the longest in duration and lowest in coupon done in the high-yield space so far this year.
Standard & Poor’s Upgrades China’s Real Estate Industry for 2014
China’s real estate industry is on firmer footing compared with a year ago, said Standard & Poor’s Ratings Services in a report on Monday.
Developers registered record sales growth and enjoyed financing windows that led bond issuance to double in 2013. In the past two weeks, more than a dozen municipalities across China have taken steps to cool their markets, as housing prices continued to rise.
IMF’s Zhu Says China Set for Soft-Landing – and more of today’s China Real Estate Links | March 20, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
An International Monetary Fund official said China will avoid an economic hard-landing as government… Read More>>