Chinese property developers are facing higher financing risk and tighter liquidity positions given the deteriorating cash collection from contracted sales, but strong policies are limiting the damage
A wave of Chinese property firms has issued offshore US dollar bonds since the start of the year. Agile Group and Zhenro Properties are the latest to test the market.
Chinese offshore property bond issuance has more than doubled this year, while the average yield-to-maturity for non-investment grade bonds in the sector has risen to its highest level ever.
Private equity property managers are facing fierce competition for assets and economic uncertainty. BPEA plans to remain on the sidelines, for now, buying debt rather than equity in countries such as Malaysia. Other property managers should take note.
In a bid to boost China's economy, the government has rembraced the investment-driven growth model. Lianhe Global lays out what this means for the country's property sector and LGFVs.
China’s property development sector has set the dial to stability in the coming year but Moody’s believes tight regulatory controls on home buyers, restrictions on credit and weakening sentiment will all affect developers’ financial profiles.
Gordon Wu is taking the Hong Kong property firm private for $2.7 billion, or a 47% premium to its traded price. Thomas Jefferson Wu is not joining his octogenarian dad's consortium.
