Chinese developer Powerlong Real Estate Holdings seeks to delay payment of 600 million yuan ($89 million) of onshore bonds due on July 15 and to repay the principal in batches over one year, two …
PROPERTY
Why property developers in China accepting house payments in watermelons, wheat
Property developers would allow home buyers to make a maximum payment of 5,000 kilograms of watermelon, valued at 100,000 yuan.
China’s property sector continues to face weak buyer sentiment, says S&P Global Ratings
Louis Kuijs of the credit rating agency says housing sales in the country remain weak, though there was some improvement in May and June.
Chinese real-estate developers are accepting wheat, garlic, and peaches as down payments for properties as the market slumps and bond defaults mount
“We are helping farmers with love, and making it easier for them to buy homes,” said Central China Real Estate.
China’s real estate crisis deepens as big Shanghai developer defaults
By Laura He, CNN Business Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao …
Chinese real-estate developers are accepting wheat and garlic as down payments for properties as the market slumps and bond defaults mount
“We are helping farmers with love, and making it easier for them to buy homes,” said Central China Real Estate.
Chinese real estate developers accept watermelons as payment
A poster for the promotional event starting from June 28 to July 15, reads the property developer would allow home buyers to make a maximum payment of 5,000 kilograms of watermelon.
Chinese property developer Shimao misses repayment on offshore bond worth $1 bn
Three of the top five issuers – Evergrande, Kaisa Group and Sunac China have already defaulted their dollar bonds.
Chinese Recession Forcing Property Developers To Accept Watermelons As Payment: Report
To make a win-win situation for both property dealers as well as farmers, the former has started taking their agricultural produce as payments for homes.
Chinese real estate developers accepting watermelons as payment: Here’s why
The deep recession in China’s property market has compelled real estate companies to float a bizarre marketing strategy to lure home buyers.
Chinese property developer Shimao misses repayment on $1 billion bond
Chinese property developer Shimao Group has missed the interest and principal payment of a $1 billion offshore bond due on Sunday, in the latest blow to China’s embattled property market.
Chinese property developer Shimao misses repayment on $1 bln bond
Chinese developer Shimao Group has missed the interest and principal payment of a US$1 billion offshore bond due on Sunday in the latest blow to China’s embattled property market.
China real estate firm misses $1B bond payment
Chinese real estate development company Shimao Group Holdings Ltd. revealed on Sunday that it was not able to repay offshore bonds totaling over $1 billion even though they matured on July 3.
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