Property News · March 21, 2019

Tahoe, Chinese developer at biggest risk of default, tries to offload a dozen projects to ease liquidity stress


Chinese developer Tahoe Group is seeking to offload a dozen projects that it bought for at least 40 billion yuan (US$5.97 billion) in the past two years, according to sources familiar with the matter.It is the latest builder to resort to asset sales to raise cash in the face of mounting debts.China’s 20th largest developer according to consultancy CRIC, Tahoe is a poster child of the sector’s debt-fueled growth, its expansion and ambition having outstripped most of its peers.Tahoe emerged as…

Source : South China Morning Post
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