China Evergrande Group

Even China’s 1.4 bln population can’t fill all its vacant homes: Former official

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Even China’s 1.4 bln population can’t fill all its vacant homes: Former official

BEIJING: Even China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country’s crisis-hit property market. China’s property sector, once the pillar of the economy, has slumped since 2021 when real estate giant … Read more

Looming Evergrande bond coupon payments intensify contagion fears

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Looming Evergrande bond coupon payments intensify contagion fears

HONG KONG: As China Evergrande Group looks set to miss its third round of bond payments in three weeks, markets remain on edge over contagion fears involving other property developers as a wall of debt payment obligations come due in the near-term. A total of $38.8 billion offshore bonds issued by 40 Chinese developers will … Read more