Prices for new homes were flat in October, hit by weak demand and tighter lending policies imposed to force real estate developers to shed their huge debts
Yango real estate group wants to exchange some dollar bonds and change terms of its other bonds to improve liquidity. The offer applies to $747m of notes due in early 2022 and Feb 2023.
Kaisa is seeking buyers for its Hong Kong-listed property management unit and two residential sites in the city, people with knowledge of the matter said on Friday.
Total home purchases in the major cities of Beijing, Shanghai, Guangzhou and Shenzhen increased by 22.4% last week
Group makes offer for all the shares of SPH via a scheme of arrangement and at S$2.10 per share in cash.
Debt-laden developer has made its second US dollar repayment obligation this month, but it still faces $338m in payments by the end of this year.
Developers took a drubbing on Thursday, with shares and bonds falling, creditors seizing assets and more downgrades from rating agencies ahead of a new debt deadline for Evergrande Group.
State economic planning agency tells construction companies to repay their international debts – days ahead of another payment deadline for developer China Evergrande
Chinese developers tell regulators at the NDRC and SAFE they want to extend the maturity on their offshore bonds or undertake a debt restructuring
Technology titans see their rankings plunge as a result of a crackdown by Beijing on the sector
Beleaguered developer has sought to ease investor anxiety by announcing that work on further unfinished sites has resumed.
Default by another building company adds to worries about spiralling impacts from China Evergrande's enormous debt crisis, as officials from the state planner meet with developers.