The calls come as global fixed-income traders sold about $35 billion worth of yuan-denominated bonds in the first four months of this year

New construction starts measured by floor area plunged 30.6% in January-May from a year earlier, after a 26.3% fall in January-April

Shanghai rebounded after exiting a two-month lockdown, with all of the 36 lots on sale sold in China's biggest city by economic output

The government has eased mortgage costs through interest rate cuts, relaxed some rules on ownership of second homes and urged banks to lend more to buyers

Applications have been filed at two mainland stock exchanges for China's first public real estate investment trusts (REITs) based on residential properties.

Greenland Holdings could become the first state-backed construction giant in China to defer a large offshore bond debt in coming weeks

Up to a third of China's high-yield property developers could default in 2022 as stresses on bond maturities increase, Goldman Sachs warned in a note on Friday

The developer had been planning to use presale funds due to pay $29.5 million in interest on the bond that was required to be repaid last month

Authorities have eased some financing controls for the property sector in a bid to bolster the economy hurt by widespread coronavirus pandemic-related lockdowns

More than 80 cities have sought to boost demand, with subsidies, smaller down payments, mortgage rate cuts and relaxed purchase rules.

Improved profitability comes on the back of shrinking bad debts.

Struggling developer, which has $300 billion in liabilities, is offering special discounts with a target of 1-billion yuan in sales in upcoming holiday break