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:
The site will be turned into 261 short stay serviced bedrooms
Rising remote and video appeals offer an opportunity to reduce space
JV plans for 166,500 sq ft of Grade A urban logistics development granted
The 82-acre land has a potential to deliver 1.2m sq ft of logistics space
