China developers including Country Garden, Greentown China and China Vanke are all considering issuing asset-backed securities.

Evergrande, with more than $300 billion in liabilities, has already failed to pay coupons worth $82.5 million as it stumbles from debt deadline to debt deadline

Tightened lending curbs in China's real estate sector early this year has exacerbated financial troubles at some property developers, triggering sector-wide liquidity stress

The demands were due to rating downgrades and the company warned shareholders it might be unable to pay up due to a liquidity crunch

Property developer sought to exchange its 6.5% offshore bonds due December 7 for new notes due June 6, 2023, at the same interest rate

China Trustee Association data revealed that investments by trust funds into the real estate sector fell by 18% to reach 1.95 trillion yuan

Kaisa's notes exchange offer will expire at 4pm London time on Thursday unless it extends or terminates the proposal. One asset manager said it looks like the group will face restructuring

Country Garden Real Estate Group, Chongqing Longhu Enterprise Development and China Overseas Enterprise Development plan to sell bonds to raise a combined 18 billion yuan ($2.83 billion)

The move could deepen the crisis at one of China’s most indebted developers, which has also reportedly lost control of US-listed Nam Thai property group.

New home prices in 100 cities dipped 0.04% in November from a month ago, compared with 0.09% growth in October, China Index Academy data showed

Developers such as China Evergrande and Kaisa Group, struggling under billions of dollars in debt, have sold some assets in recent months to Hong Kong developers to help ease liquidity stress

Eight real estate agents said at least a third of their colleagues have either left the industry or are thinking about it, while major realtor Lianjia reportedly plans to shut many of its offices in Shenzhen