Property News · July 11, 2019

Chinese home builders ‘hunger’ for offshore bond markets after land spending binge prompts government clampdown on credit


Chinese developers are flocking to the offshore bond ­market, one of the few fundraising channels available amid a ­government clampdown on credit, as prices for land at tender rise sharply.Developers have issued ­overseas bonds worth more than US$4 billion in the first 10 days of July. That compares with a total of US$3.5 billion in bonds issued in June, according to financial data provider Wind Information.Logan Property Holdings, which paid a record price for a plot in Shenzhen on June 24,…

Source : South China Morning Post
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