Property News · August 6, 2018

Chinese property developers squeezed by weaker yuan, rising cost of overseas debt


Many Chinese developers turned to foreign markets to raise working capital earlier this year when regulators introduced a slew of measures to limit borrowing at home.
Now, the sharp depreciation of the yuan is threatening to derail that funding lifeline by making it far more costly to service debt denominated in US dollars.
This will potentially force some home builders to sell down inventory at distressed prices in the coming months, according to analysts.
We will definitely see developers…

Source : South China Morning Post
Read more…Chinese property developers squeezed by weaker yuan, rising cost of overseas debt

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