Fantasia Holdings failed to repay a U.S. dollar bond on Monday, and many more developers that overextended themselves in the boom years could face a similar fate …
PROPERTY
METALS-Copper falls as China property woes trigger demand fears
Copper prices in London slipped on Wednesday as demand worries grew over the possibility of more debt defaults by Chinese property developers. Cash-strapped China Evergrande Group 3333.HK has soured …
China Real Estate Developer Fantasia’s Credit Rating Cut To Default
China real estate developer Fantasia Holdings credit rating was lowered to default by Fitch on Tuesday evening. (See announcement here.) Fantasia Holdings said late Monday it hadn’t repaid $206 …
China property sector woes deepen
The possible collapse of one of China’s biggest borrowers has triggered worries about contagion risks to the property sector in the world’s second-largest economy. — AFP HONG KONG: As investors were …
Property purchasers to get more safeguards
The cut in the mortgage rate in several Chinese cities, which came after a rare reference by China’s central bank to property market stability, may suggest more sophisticated measures regarding …
Chinese developer Fantasia can’t pay its debts. That’s stoking real estate fears
A Chinese developer of luxury apartments missed $315 million in payments to lenders on Monday, sparking fears that financial strains in the country’s outsized property sector are spreading beyond the …
China Real Estate Shares Pummeled In Hong Kong; Alibaba Falls Again, Coal Gains
China Evergrande Group, the world’s most indebted real estate developer, and Evergrande Property Services, its property management arm, halted trading their shares at the Hong Kong Stock Exchange on …
China property sector default stress goes beyond Evergrande crisis
Growing worries about defaults at Chinese property developers sapped investor sentiment on Tuesday amid fresh credit rating downgrades and …
China’s property woes are spreading beyond Evergrande
Instability sparked by the troubles of Evergrande, China’s heavily-indebted property giant, is spreading to the wider property market, and it could affect the country’s growth for years to come.
Chinese property developer Fantasia just missed a $206 million repayment deadline, a sign that China’s real estate woes extend beyond Evergrande
Fantasia, worth $415 million, and its default add to fears that an imminent major collapse in China’s property market could destabilize the entire country’s economy.
China’s Real Estate: See This One-of-a-Kind Perspective
China’s real estate behemoth Evergrande Group missed another debt payment last week, and the Chinese government, worried about systemic risks, is promising action. But why now, where were they when …
Chinese property developers’ ability to repay debt hits decade low
Even before China Evergrande Group’s debt crisis sent the country’s property sector into a tailspin, Chinese property firms were struggling to earn enough to make interest payments on their debt, data …
Shares in China property firm Evergrande suspended pending ‘major transaction’
Trading halt sends markets Asian stocks falling amid speculation the debt-laden group will sell off its property management arm …
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