{"id":143089,"date":"2024-03-19T15:07:31","date_gmt":"2024-03-19T08:07:31","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-sino-ocean-warns-of-hefty-losses-amid-plunge-in-home-sales-as-turnaround-eludes-chinese-developers\/"},"modified":"2024-03-19T15:08:30","modified_gmt":"2024-03-19T08:08:30","slug":"debt-stricken-sino-ocean-warns-of-hefty-losses-amid-plunge-in-home-sales-as-turnaround-eludes-chinese-developers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-sino-ocean-warns-of-hefty-losses-amid-plunge-in-home-sales-as-turnaround-eludes-chinese-developers\/","title":{"rendered":"Debt-stricken Sino-Ocean warns of hefty losses amid plunge in home sales as turnaround eludes Chinese developers"},"content":{"rendered":"


\nDebt-stricken Sino-Ocean warns losses in 2023 could widen by as much as 21 per cent to 23 billion yuan (US$3.2 billion) as home sales plunged, margins narrowed and provision for asset impairment increased.
\n
\nSource : South China Morning Post
\nRead more…Debt-stricken Sino-Ocean warns of hefty losses amid plunge in home sales as turnaround eludes Chinese developers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Debt-stricken Sino-Ocean warns losses in 2023 could widen by as much as 21 per cent...<\/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-143089","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-BdT","jetpack-related-posts":[{"id":146562,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bondholders-urge-chinese-defaulter-sino-ocean-to-rejig-us6-billion-debt-plan-after-slamming-big-haircuts-weak-recovery-rates\/","url_meta":{"origin":143089,"position":0},"title":"Bondholders urge Chinese defaulter Sino-Ocean to rejig US$6 billion debt plan after slamming big haircuts, weak recovery rates","date":"August 2, 2024","format":false,"excerpt":"\r Some bondholders demand a rejig in the defaulted Chinese developer\u2019s US$6 billion debt restructuring plan to provide creditors with higher recovery rates.\r \r Source : South China Morning Post\r Read more...Bondholders urge Chinese defaulter Sino-Ocean to rejig US billion debt plan after slamming big haircuts, weak recovery rates","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149560,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sino-ocean-wins-hong-kong-court-approval-to-proceed-with-us6-billion-debt-workout\/","url_meta":{"origin":143089,"position":1},"title":"Sino-Ocean wins Hong Kong court approval to proceed with US$6 billion debt workout","date":"February 19, 2025","format":false,"excerpt":"\r Approval comes after a UK court allowed the state-backed Chinese developer to reorganise US$3.72 billion of bonds.\r \r Source : South China Morning Post\r Read more...Sino-Ocean wins Hong Kong court approval to proceed with US billion debt workout","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-a-third-of-chinas-developers-may-face-pressure-with-us84-billion-in-debt-maturing-by-end-of-2022-sp-warns\/","url_meta":{"origin":143089,"position":2},"title":"Evergrande crisis: a third of China\u2019s developers may face pressure with US$84 billion in debt maturing by end of 2022, S&P warns","date":"October 27, 2021","format":false,"excerpt":"\r A third of China\u2019s property developers could see their liquidity \u201cacutely strained\u201d in the worst case scenario as weaker sentiment and new government regulations weigh on their funding sources, with a \u201creal\u201d risk of default as some US$84 billion in debt is set to mature by the end of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-warns-of-us3-6-billion-loss-as-housing-slump-hurts-sales-assets\/","url_meta":{"origin":143089,"position":3},"title":"Sunac China warns of US$3.6 billion loss as housing slump hurts sales, assets","date":"March 17, 2025","format":false,"excerpt":"\r Wider losses in 2024 partly due to smaller one-off gain from onshore debt restructuring exercise compared with a year earlier.\r \r Source : South China Morning Post\r Read more...Sunac China warns of US.6 billion loss as housing slump hurts sales, assets","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124116,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-debt-crisis-rf-warns-its-asset-sales-may-not-meet-bond-repurchase-deadline-in-a-slumping-real-estate-market\/","url_meta":{"origin":143089,"position":4},"title":"China property debt crisis: R&F warns its asset sales may not meet bond repurchase deadline in a slumping real estate market","date":"January 6, 2022","format":false,"excerpt":"\r Guangzhou R&F Properties said it may not be able to sell assets in time to buy back some of its offshore bonds, as one of China\u2019s largest and most indebted developers struggles to meet its debt obligations amid a sinking real estate market.The actual amount of funds that can\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developer-cifi-swings-into-a-loss-in-the-first-half-of-the-year-shares-plunge-after-trading-suspension-lifted\/","url_meta":{"origin":143089,"position":5},"title":"Chinese property developer CIFI swings into a loss in the first half of the year, shares plunge after trading suspension lifted","date":"September 27, 2023","format":false,"excerpt":"\r Debt-stricken developer CIFI Holdings Group saw its shares plunge by the most on record after trading resumed following a six-month suspension, with the company unveiling overnight a loss in the first half of the year.\r \r Source : South China Morning Post\r Read more...Chinese property developer CIFI swings into\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\/143089"}],"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=143089"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143089\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}