The boom years for China’s property developers are coming to an end as measures by regulators to tighten credit will slow sales growth, reduce liquidity and accelerate industry consolidation this year, according to industry executives.
Wu Jianbin, vice-president of Fujian-based developer Yango Group, told a property forum in Shenzhen last Friday that banks are asking property companies to amend the terms of their loans or sign new supplementary contracts that require developers to bear…
Source : South China Morning Post
Read more…Skies darkening for China’s property developers as tighter credit to slow sales growth















