A third of Chinese developers will struggle to repay their debts in the next 12 months, as contagion from Evergrande spreads.
Analysts at credit rating agency S&P warned that many other property companies could be heading towards bankruptcy.
The Chinese property sector as a whole owes an estimated $5tn, according to Nomura, which amounts to one-third of the country’s GDP.
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Including:
Prima, Real Living and Cantay Estates have received funding for 189-bed PBSA
Katy Davis named as an equity partner at the firm
The site will be turned into 261 short stay serviced bedrooms
Rising remote and video appeals offer an opportunity to reduce space
