The group updated its preliminary restructuring proposal as the country’s property sector lurches from one disaster to another.
Tagged By property
Evergrande offers sweetener for debt revamp as China property crisis worsens
China Evergrande Group will offer its offshore creditors asset packages that may include shares in two overseas-listed units as a sweetener, the developer said on Friday, as a stifling liquidity …
Why is there a real estate crisis unfolding in China?
Massive debt amongst property developers like Evergrande have led to incomplete buildings and angry homebuyers.
China’s Property Loans, Mortgages Grow at Weakest Pace on Record
China’s overall property loans rose at the slowest rate on record as of the end of June, as banks were cautious about lending to cash-strapped developers while household demand for mortgages was weak …
China’s Property Bubble Burst Could Be Far Worse Than Japan’s
The decline in property sales comes at a time when some homebuyers refuse to repay loans for unfinished properties, magnifying the liquidity problem of the industry.
China Needs Decisive Action on Property, Before It’s Too Late
The time is running out to head off a self-fulfilling property and mortgage debt crisis. Bold action is needed now.
China’s real estate crisis will cause a more severe downturn in iron ore prices: Goldman Sachs
A severe surplus in the iron-ore market caused by the renewed pressure in China’s property market will sink prices of the commodity over the second half of the year, Goldman Sachs analysts warned this …
China property sales could plunge by one-third, analysts say, as crisis deepens
Amid reports Beijing is planning massive bailout of the sector, S&P predicts sales slump will heighten liquidity squeeze and trigger more defaults …
Singapore Wealth Fund Spots Rental Opportunity in China Property
Singapore’s $799 billion sovereign wealth fund sees pockets of opportunity in the beleaguered China real estate market as Beijing tries to make homes more accessible for the middle class. In China, …
Goldman warns China’s property crisis will sink iron ore price
Goldman cut its three and six-month price targets to $70 and $85 a tonne, respectively, from $90 and $110 a tonne.
China’s increasing US real estate portfolio a major cause for domestic concern: Carter
Chinese Communist Party-linked businesses are buying up large pieces of US farmland in North Dakota and Texas, plus other real estate interests in Florida.
China Property Stocks, Bonds Rally on Reported Fund Help
Chinese property stocks and dollar bonds rallied Monday, as a reported move by Beijing to establish a fund to support developers fueled optimism about a turnaround for the struggling sector.
Expect more volatility in China’s property market, says real estate firm
Henry Chin of CBRE Group discusses the outlook for China’s property market, and says “any relaxation for the wider industry is super, super unlikely to happen.” …