China property flare-ups resurface as crisis enters fifth year

Quick Summary:

There’s little indication that distressed developers are finding it easier to repay debt.

Over in Hong Kong, New World Development Co.sought to delay some loan maturities while Parkview Group put up a landmark commercial complex for sale in Beijing.

As China’s property debt crisis enters its fifth year, there’s little indication that distressed developers are finding it easier to repay debt as a slump in home sales continues.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongTaiwan

Topics: Default Year Sector Developers 2024 Property Kong Cent Debt Market Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 13:59:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1009 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24590777

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