{"id":126681,"date":"2022-05-12T11:41:28","date_gmt":"2022-05-12T04:41:28","guid":{"rendered":"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\/"},"modified":"2022-05-12T12:11:17","modified_gmt":"2022-05-12T05:11:17","slug":"sunac-china-holdings-defaults-on-us741-6-million-bond-snared-by-three-red-lines-policy-and-sputtering-home-sales-amid-covid-19-outbreaks","status":"publish","type":"post","link":"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\/","title":{"rendered":"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"},"content":{"rendered":"


\nThe 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.
\n
\nSource : South China Morning Post
\nRead more…Sunac China Holdings defaults on US1.6 million bond, snared by \u2018three red lines\u2019 policy and sputtering home sales amid Covid-19 outbreaks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The company failed to make an interest payment and expects to miss payments on three...<\/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-126681","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-wXf","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":126681,"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":115202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-country-garden-sunac-china-warn-construction-sales-may-be-disrupted-as-covid-19-subdues-business-activity\/","url_meta":{"origin":126681,"position":1},"title":"Developers Country Garden, Sunac China warn construction, sales may be disrupted as Covid-19 subdues business activity","date":"March 27, 2020","format":false,"excerpt":"\r Two of China\u2019s biggest property developers have warned that their sales and construction schedules are likely to be disrupted by a downturn in demand caused by the Covid-19 outbreak.Country Garden Holdings, the largest seller of homes in China, said its building and sales progress may be exposed to short-term\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":126681,"position":2},"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":126681,"position":3},"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":[]},{"id":122237,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-chinas-unit-in-shaoxing-faces-liquidity-pressure-as-government-cooling-measure-stops-it-collecting-sales-revenues\/","url_meta":{"origin":126681,"position":4},"title":"Sunac China\u2019s unit in Shaoxing faces liquidity pressure as government cooling measure stops it collecting sales revenues","date":"September 27, 2021","format":false,"excerpt":"\r A 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\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":126681,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/126681"}],"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=126681"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/126681\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=126681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=126681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=126681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}