Last year has no doubt been difficult for Chinese developers and the pain could get worse in the new year for companies, homebuyers and investors alike. A liquidity crunch amid slowing home sales are likely to dominate sentiment.China Evergrande, Kaisa Group, Fantasia Holdings and Modern Land (China) all made headlines over their failure to repay onshore and foreign creditors.Beijing’s “three red lines” policy, which set the debt thresholds for the real estate sector, limited highly leveraged…
Source : South China Morning Post
Read more…China property crisis: if last year was bad for the likes of Evergrande, Kaisa and Fantasia, just wait for 2022 as more pain predicted for investors
