{"id":124104,"date":"2022-01-05T16:30:27","date_gmt":"2022-01-05T09:30:27","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-four-grandiose-projects-that-sum-up-indebted-chinese-developers-reckless-expansion\/"},"modified":"2022-01-05T17:03:15","modified_gmt":"2022-01-05T10:03:15","slug":"evergrande-crisis-four-grandiose-projects-that-sum-up-indebted-chinese-developers-reckless-expansion","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-four-grandiose-projects-that-sum-up-indebted-chinese-developers-reckless-expansion\/","title":{"rendered":"Evergrande crisis: four grandiose projects that sum up indebted Chinese developer\u2019s \u2018reckless expansion\u2019"},"content":{"rendered":"


\nChina Evergrande is lurching from one crisis to another. From its home delivery snag to ongoing debt repayment troubles, more than US$52 billion of market value has been erased from the slump in its two flagship entities in Hong Kong over the past 12 months.The group had 1.97 trillion yuan (US$309 billion) of liabilities, making it the nation\u2019s most indebted developer. Chinese government officials have pinned the blame squarely on its \u201cpoor management\u201d and \u201creckless expansion\u201d into an array of\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande crisis: four grandiose projects that sum up indebted Chinese developer\u2019s \u2018reckless expansion\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande is lurching from one crisis to another. From its home delivery snag to...<\/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-124104","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-whG","jetpack-related-posts":[{"id":122329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-could-it-be-the-end-of-the-road-for-the-worlds-most-indebted-property-developer-as-us37-billion-bill-comes-due\/","url_meta":{"origin":124104,"position":0},"title":"Evergrande: Could it be the end of the road for the world\u2019s most indebted property developer, as US$37 billion bill comes due?","date":"October 2, 2021","format":false,"excerpt":"\r The second of a three-part series on China Evergrande Group takes a deep dive into the property developer\u2019s total debt to see whether it can escape its liquidity crisis through property and asset sales.China Evergrande Group, the world\u2019s most indebted property developer, is facing a final notice after engaging\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124409,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-seeks-legal-recourse-after-creditor-oaktree-seized-indebted-developers-versailles-like-project-in-yuen-long\/","url_meta":{"origin":124104,"position":1},"title":"China Evergrande seeks legal recourse after creditor Oaktree seized indebted developer\u2019s Versailles-like project in Yuen Long","date":"January 30, 2022","format":false,"excerpt":"\r China Evergrande Group\u2019s Palace of Versailles-like project in Yuen Long \u2013 used as a collateral to restructure part of the company\u2019s massive debt \u2013 was recently seized by creditor Oaktree Capital, which has appointed receivers for the asset.The Shenzhen-based developer, which is saddled with US$310 billion in total liabilities,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122561,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-china-faces-challenging-trade-offs-in-addressing-developers-debt-crisis-imf-says\/","url_meta":{"origin":124104,"position":2},"title":"Evergrande: China faces \u2018challenging trade-offs\u2019 in addressing developer\u2019s debt crisis, IMF says","date":"October 13, 2021","format":false,"excerpt":"\r Beijing is facing \u201cchallenging trade-offs\u201d as it seeks to address the crisis surrounding embattled developer China Evergrande Group and the pressure it is placing on the country\u2019s property sector, according to the International Monetary Fund (IMF).As part of its Global Financial Stability Report released overnight, the IMF said China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-struggles-to-revive-projects-after-last-minute-payments\/","url_meta":{"origin":124104,"position":3},"title":"Evergrande struggles to revive projects after last-minute payments","date":"October 29, 2021","format":false,"excerpt":"\r Beijing\u2019s invisible hand seen in indebted Chinese developer\u2019s efforts to avoid default\r \r Source : ft.com\r Read more...Evergrande struggles to revive projects after last-minute payments","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-china-evergrande-faces-risk-of-loan-defaults-legal-action-billionaire-chairman-hui-ka-yan-admits-as-profit-tanks\/","url_meta":{"origin":124104,"position":4},"title":"Indebted China Evergrande faces risk of loan defaults, legal action, billionaire chairman Hui Ka-yan admits as profit tanks","date":"August 31, 2021","format":false,"excerpt":"\r The billionaire chairman of the world\u2019s most indebted developer, China Evergrande, has admitted his company faces the risks of defaulting on loans and legal action from creditors.Hui Ka-yan, who founded the Shenzhen-based home builder in 1996, made the rare admission in an earnings statement on Tuesday as Evergrande reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131833,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-chinese-developers-shenzhen-plot-sold-to-local-government-backed-buyer-for-us1-billion\/","url_meta":{"origin":124104,"position":5},"title":"Evergrande crisis: Chinese developer\u2019s Shenzhen plot sold to local government-backed buyer for US$1 billion","date":"November 28, 2022","format":false,"excerpt":"\r The 10,376-square-metre plot in Shenzhen\u2019s Nanshan district was sold to government-backed Shenzhen Anju Jianye Investment Operation. Evergrande acquired the plot in 2017 for 5.55 billion yuan.\r \r Source : South China Morning Post\r Read more...Evergrande crisis: Chinese developer\u2019s Shenzhen plot sold to local government-backed buyer for US billion","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\/124104"}],"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=124104"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124104\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}