{"id":126373,"date":"2022-05-11T08:30:10","date_gmt":"2022-05-11T01:30:10","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/zhongliang-unable-to-borrow-because-of-chinas-three-red-lines-pushed-to-brink-of-default-as-covid-19-lockdowns-kill-property-sales\/"},"modified":"2022-05-11T10:30:25","modified_gmt":"2022-05-11T03:30:25","slug":"zhongliang-unable-to-borrow-because-of-chinas-three-red-lines-pushed-to-brink-of-default-as-covid-19-lockdowns-kill-property-sales","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/zhongliang-unable-to-borrow-because-of-chinas-three-red-lines-pushed-to-brink-of-default-as-covid-19-lockdowns-kill-property-sales\/","title":{"rendered":"Zhongliang, unable to borrow because of China\u2019s \u2018three red lines\u2019, pushed to brink of default as Covid-19 lockdowns kill property sales"},"content":{"rendered":"


\nThe developer, shut out of funding markets by Beijing\u2019s \u2018three red lines\u2019, is giving its creditors more time to accept an exchange offer on two of its bonds as China\u2019s Covid-19 measures batter the market.
\n
\nSource : South China Morning Post
\nRead more…Zhongliang, unable to borrow because of China\u2019s \u2018three red lines\u2019, pushed to brink of default as Covid-19 lockdowns kill property sales<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The developer, shut out of funding markets by Beijing\u2019s \u2018three red lines\u2019, is giving its...<\/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-126373","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-wSh","jetpack-related-posts":[{"id":126291,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-new-home-prices-in-april-rise-at-a-slower-pace-as-covid-19-lockdowns-force-developers-to-shut-sales-offices\/","url_meta":{"origin":126373,"position":0},"title":"China\u2019s new home prices in April rise at a slower pace as Covid-19 lockdowns force developers to shut sales offices","date":"May 4, 2022","format":false,"excerpt":"\r China\u2019s April new home prices grew at a slightly slower pace from a month earlier as lockdown kept homebuyers away.\r \r Source : South China Morning Post\r Read more...China\u2019s new home prices in April rise at a slower pace as Covid-19 lockdowns force developers to shut sales offices","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125237,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-new-home-prices-show-signs-of-improvement-following-beijings-easing-measures-but-covid-19-lockdowns-could-hurt-recovery\/","url_meta":{"origin":126373,"position":1},"title":"China\u2019s new home prices show signs of improvement following Beijing\u2019s easing measures, but Covid-19 lockdowns could hurt recovery","date":"March 16, 2022","format":false,"excerpt":"\r The decline in China\u2019s new home prices narrowed last month, as easing measures rolled out to revive its ailing US$1.7 trillion housing market took effect.The average price of new homes in the 70 cities covered by the National Bureau of Statistics (NBS) fell 0.1 per cent in February, down\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126717,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-chinas-zero-covid-policy-is-tipping-the-world-into-recession\/","url_meta":{"origin":126373,"position":2},"title":"How China\u2019s zero-Covid policy is tipping the world into recession","date":"May 16, 2022","format":false,"excerpt":"\r Persistent lockdowns and hardening political rhetoric suggest China\u2019s zero-tolerance approach to Covid-19 will stay in place. Collapsing demand, falling middle-class income, supply chain disruptions and a weakening yuan will have consequences that ripple across the globe.\r \r Source : South China Morning Post\r Read more...How China\u2019s zero-Covid policy is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-easing-of-three-red-lines-loan-rules-for-property-sector-wont-have-immediate-impact-on-struggling-developers-analysts-say\/","url_meta":{"origin":126373,"position":3},"title":"China\u2019s easing of \u2018three red lines\u2019 loan rules for property sector won\u2019t have immediate impact on struggling developers, analysts say","date":"January 7, 2022","format":false,"excerpt":"\r Beijing\u2019s loan limit for real estate companies, widely known as the \u201cthree red lines\u201d, which has pushed many developers to the brink, has been partially relaxed, according to a report by a state-backed media outlet. Shares of property firms rose in Hong Kong.Analysts, however, said they do not expect\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126681,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-holdings-defaults-on-us741-6-million-bond-snared-by-three-red-lines-policy-and-sputtering-home-sales-amid-covid-19-outbreaks\/","url_meta":{"origin":126373,"position":4},"title":"Sunac China Holdings defaults on US$741.6 million bond, snared by \u2018three red lines\u2019 policy and sputtering home sales amid Covid-19 outbreaks","date":"May 12, 2022","format":false,"excerpt":"\r The company failed to make an interest payment and expects to miss payments on three additional notes, as it struggles to contend with a dramatic drop in sales and China\u2019s \u201cthree red lines\u201d policy.\r \r Source : South China Morning Post\r Read more...Sunac China Holdings defaults on US1.6 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128805,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-state-backed-developers-coli-poly-property-book-smaller-profits-as-three-red-lines-stokes-worst-rout-in-home-sales-since-1998\/","url_meta":{"origin":126373,"position":5},"title":"Chinese state-backed developers COLI, Poly Property book smaller profits as \u2018three red lines\u2019 stokes worst rout in home sales since 1998","date":"August 24, 2022","format":false,"excerpt":"\r Covid-19 lockdowns, \u2018three red lines\u2019 policy and other economic challenges contributed to weaker profits amid the housing industry\u2019s worst slump since 1998.\r \r Source : South China Morning Post\r Read more...Chinese state-backed developers COLI, Poly Property book smaller profits as \u2018three red lines\u2019 stokes worst rout in home sales\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\/126373"}],"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=126373"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/126373\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=126373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=126373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=126373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}