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
www.cnbc.com/2021/10/18/china-property-defaults-risks-for-other-developers-pboc-on-evergrande.html
Beyond Evergrande, China’s Property Market Faces a $5 Trillion Reckoning
www.wsj.com/articles/beyond-evergrande-chinas-property-market-faces-a-5-trillion-reckoning-11633882048
Will the debt destroy China’s housing market? The market cools down and the engine is almost dead youtu.be/tzQ1J4MzRqQ
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