When a bellwether Chinese property developer reportedly sought buyers for $12bn of assets to repay debt this year, the move sparked hopes of a liquidity boost for the nation’s embattled real estate firms. But since January, only about three of 34 assets listed by Shimao Group Holdings Ltd - one of the biggest issuers of dollar bonds in the sector - have been sold, according to exchange filings. While some of the luxury builder’s prime assets drew interest, buyers have become more cautious about acquisitions in response to the deepening liquidity crisis, according to a person familiar with the discussions. That, along with the broader property slowdown, has led to a price gap that’s often
Hence then, the article about assets without buyers foreshadow more pain for chinese builders was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Assets without buyers foreshadow more pain for Chinese builders )