Thousands of jobs are at risk after work stopped abruptly on multiple building sites in Australia this week, when South Africa's WBHO Group said it could no longer provide financial backing

At least two more developments by China Evergrande Group have been taken over by state-owned enterprises (SOEs) in the past few weeks, corporate registry records show

The heavily indebted sector faltered last year as Beijing mounted a deleveraging campaign that caught out numerous developers

The temporary facilities, with a combined capacity of 50,000 beds, will be spread across Hong Kong, including on private land lent for free by developers.

The company recorded 3 billion ringgit in sales for the year, exceeding the group's target of 2.4 billion ringgit, and a 50% rise year-on-year

Fresh Moody's downgrade of Shimao's rating also hits investor confidence, highlighting the debt travails bedevilling some bloated developers

Pledge comes after a series of regulations aimed at reining in debt in the sector unsettled buyers and prompted a marked slowdown in the property sector

The "diagrid" format reduces the building’s interior solar gain while responsive solar shading technology protects the interior from sunlight

Shimao defaulted on a trust loan last month and has been scrambling to extend debt maturities including asset-backed securities and trust loans with creditors

China's 30th largest developer by sales has seen its shares seesaw. The stock rose as much as 12% on Tuesday after a 13% drop on Monday

Fundraising by Chinese property developers via bond issuance hit a 10-year low in January despite policy easing by regulators that slightly lifted investor sentiment, a Moody’s analyst said on Tuesday

Asia Financial identifies five more Chinese real estate companies – facing billions of dollars of debt and junk rating downgrades – which are prime candidates for default in 2022