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Our asia business reporter nick marsh is following the story from singapore. this is such a headache, tell us what is going on now. it is a new year us what is going on now. it is a new year and us what is going on now. it is a new year and there - us what is going on now. it is a new year and there is - us what is going on now. it 3 a new year and there is new problems for the chinese property sector. so many firms facing so many issues, evergrande, like you mentioned, another one, shimao are facing all kinds of problems. they were known as one of the healthier chinese operative firms until very recently, they had what is known as an investment grade rating, but they have just been drastically downgraded by international credit rating agencies after they defaulted on a $100 million trust loan repayment. so they put all the properties up so they put all the properties up for sale as they scramble to raise a bit of cash, and it seems that no firm is safe in this crisis. then of cour ....
While stocks responded strongly to assurances by Beijing, the pledges are still vague and need to be backed up by concrete measures. There are still no clear signs that regulators are lifting restrictions on developers’ access to cash from pre-sold homes, a key source of liquidity. ....
The Two Proposed Acquisitions are Expected to Strengthen the Group's Financial PerformanceSingapore, Mar 7, 2022 - (ACN Newswire) - SGX mainboard-listed company, The Place Holdings Limited ("The Place ....
Shimao Group Holdings is seeking buyers for nearly 40 projects to shore up liquidity, as 20 billion yuan (US$3.1 billion) of bond repayments loom this year. ....
Sentiment towards the property sector has improved in expectation of a rebound driven by more accommodative policy. Even so, questions over the efficacy of new policies, poor transparency and hidden debts are dampening the effects of any shift in sentiment. ....