{"id":122237,"date":"2021-09-27T18:57:15","date_gmt":"2021-09-27T11:57:15","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-chinas-unit-in-shaoxing-faces-liquidity-pressure-as-government-cooling-measure-stops-it-collecting-sales-revenues\/"},"modified":"2021-09-27T20:07:11","modified_gmt":"2021-09-27T13:07:11","slug":"sunac-chinas-unit-in-shaoxing-faces-liquidity-pressure-as-government-cooling-measure-stops-it-collecting-sales-revenues","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-chinas-unit-in-shaoxing-faces-liquidity-pressure-as-government-cooling-measure-stops-it-collecting-sales-revenues\/","title":{"rendered":"Sunac China\u2019s unit in Shaoxing faces liquidity pressure as government cooling measure stops it collecting sales revenues"},"content":{"rendered":"


\nA local subsidiary of Sunac China Holdings, one of China\u2019s most heavily indebted property developers, has come under liquidity pressure, as it was prevented from collecting sales revenues by the government\u2019s market-cooling measures.Sunac\u2019s unit in the Zhejiang provincial city of Shaoxing has had to wait for local authorities to register the titles of its apartments, preventing the developer from collecting more than 4 billion yuan (US$619 million) in sales proceeds, according to sources\u2026
\n
\nSource : South China Morning Post
\nRead more…Sunac China\u2019s unit in Shaoxing faces liquidity pressure as government cooling measure stops it collecting sales revenues<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A local subsidiary of Sunac China Holdings, one of China\u2019s most heavily indebted property developers,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122237","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vNz","jetpack-related-posts":[{"id":135569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-services-posts-us67-1-million-loss-for-2022-cites-mounting-pressure-from-chinas-recurring-covid-19-outbreaks\/","url_meta":{"origin":122237,"position":0},"title":"Sunac Services posts US$67.1 million loss for 2022, cites mounting pressure from China\u2019s recurring Covid-19 outbreaks","date":"March 20, 2023","format":false,"excerpt":"\r The property services unit of Sunac China Holdings cited the \u2018recurring pandemic outbreaks and the continuous downturn of the real estate industry\u2019, for loss.\r \r Source : South China Morning Post\r Read more...Sunac Services posts US.1 million loss for 2022, cites mounting pressure from China\u2019s recurring Covid-19 outbreaks","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105731,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-chinas-fourth-largest-property-developer-recorded-highest-selling-price-among-big-five-companies-last-year\/","url_meta":{"origin":122237,"position":1},"title":"Sunac, China\u2019s fourth-largest property developer, recorded highest selling price among \u2018Big Five\u2019 companies last year","date":"April 3, 2019","format":false,"excerpt":"\r Sunac China, the country\u2019s fourth-largest property developer by sales, recorded the highest average selling price \u2013 15,200 yuan (US$2,264.9) per square metre \u2013 among China\u2019s \u201cBig Five\u201d developers last year.According to data by JPMorgan, Sunac, which focuses mainly on large cities, beat China Vanke, the country\u2019s second-largest developer by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-chinas-fourth-largest-developer-by-sales-to-delay-payment-of-us345-million-onshore-bond-due-on-monday-sources-say\/","url_meta":{"origin":122237,"position":2},"title":"Sunac, China\u2019s fourth-largest developer by sales, to delay payment of US$345 million onshore bond due on Monday, sources say","date":"June 9, 2022","format":false,"excerpt":"\r China\u2019s fourth-largest developer by sales, Sunac plans to meet creditors this week and propose a delay in the payment of a 2.3 billion yuan (USS$345 million) bond due on next Monday.\r \r Source : South China Morning Post\r Read more...Sunac, China\u2019s fourth-largest developer by sales, to delay payment of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124505,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-housing-market-no-respite-for-fantasia-modern-land-and-sunac-as-they-lead-sales-declines-in-january\/","url_meta":{"origin":122237,"position":3},"title":"China housing market: no respite for Fantasia, Modern Land and Sunac as they lead sales declines in January","date":"February 8, 2022","format":false,"excerpt":"\r China\u2019s biggest property developers are still struggling to sell homes, as a resurgent Covid-19 pandemic combined with a slowing economy to deter big-ticket investments, offering little respite to the most leveraged among them.The collective sales value of China\u2019s top 100 developers fell 41 per cent in January from last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-says-chinas-price-control-policies-are-the-toughest-ever\/","url_meta":{"origin":122237,"position":4},"title":"Sunac says China\u2019s price control policies are the \u2018toughest ever\u2019","date":"March 28, 2017","format":false,"excerpt":"\r Sunac China Holdings, with its first profit decline since 2010, said the country\u2019s home developers face unprecedented challenges from a government push to cap prices, underscoring its push to diversify its business with its January investment in LeEco. \u201cThis round of policy control has a particularly far-reaching effect on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118126,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-sunac-china-proposes-to-spin-off-property-services-arm-and-list-it-in-hong-kong\/","url_meta":{"origin":122237,"position":5},"title":"Mainland developer Sunac China proposes to spin off property services arm and list it in Hong Kong","date":"August 7, 2020","format":false,"excerpt":"\r Mainland developer Sunac China plans to spin-off Sunac Services Holdings, its property management unit and list it in Hong Kong, with analysts expecting China\u2019s struggling home builders looking to cash in on the profitable parts of their business amid a souring property market.After the spin-off and listing, Sunac China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122237"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122237"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122237\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}