In short, Standard & Poor’s Ratings Services thinks the answer is no. Indeed, we believe the industry is bracing for slower sales and lower property prices, thanks largely to the ongoing rollout of government regulations and credit-tightening measures. Making matters worse, we expect credit conditions to become increasingly severe for property developers. That would increase [...]
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Dark Clouds Remain For Asia Property Developers, Particularly In China
The outlook for Asian property developers, particularly in China, remains bleak. Standard & Poor’s latest report on the sector “Worst Is Yet To Come For Chinese Developers In Asia’s Shaky Property Sector” notes that Asian property markets remain under strain to varying degrees due to macroeconomic and industry-specific factors. Chinese developers face the harshest conditions, [...]