On Friday, another developer, China Properties Group, said it had defaulted on $226 million worth of notes.
All eyes will be on Chinese real estate developer Sinic Holdings, which warned last week it’s not likely to repay offshore bonds worth $250 million due on Monday.
Defaults loom over more property developers as China reassures investors on Evergrande
Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning
Will the debt destroy China’s housing market? The market cools down and the engine is almost dead youtu.be/tzQ1J4MzRqQ