Property News · October 19, 2016

Longfor Properties sees funding costs below 5pc despite credit tightening


Longfor Properties, one of China’s largest residential and commercial developers, expects its financing costs to drop below 5 per cent by the end of the year, even as the central government looks to tighten lending to the property sector.
The company’s average funding costs already stood at a record-low 5.18 per cent at the end of June, down from 5.74 per cent at the end of 2015.
“Our average borrowing cost will fall to less than 5 per cent by the end of the year, thanks to…

Source : South China Morning Post
Read more…Longfor Properties sees funding costs below 5pc despite credit tightening

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