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

Banks in 87 cities cut mortgage rates in February, a research group said, in a bid to boost sales in China's property market chilled by efforts to cut huge amounts of debt held by some developers