China’s residential real estate developers are on less shaky terrain this year. That’s a key finding from a new sector report issued by Standard & Poor’s Ratings Services titled “China’s Residential Developers Are Back On Solid Ground; Outlook Revised To Stable”. Property sales have strengthened and more developers are able to improve their liquidity at […]
Bei Fu is a Director in Standard & Poor’s Corporate Ratings group, and a regional sector expert in real estate in Asia-Pacific. She is responsible for evaluating the credit-worthiness of Chinese property developers and retail companies. Before joining Standard & Poor’s, she worked for Citigroup and Barclays Capital.Ms. Fu graduated from Tsinghua University in Beijing with a bachelor’s degree in engineering. She earned a master of science degree from the University of Tennessee in the U.S. and an MBA with a finance concentration from Hong Kong University of Science and Technology.
Author Archives: Bei Fu
Like many others, Chinese property developers are nervously waiting to see what’s in store for China’s weakening economy. And they probably have some cause to worry. A weak economic outlook typically dampens purchasing power and investment sentiment, potentially leading to easing property sales and weaker credit quality. Standard & Poor’s Ratings Services has highlighted the […]
The outlook is looking a tad brighter for China’s real estate developers. That’s a key finding from Standard & Poor’s Ratings Services’ latest review of the sector titled “Top 10 Investor Questions: Chinese Real Estate Developers”. According to the report, signs of stabilization are emerging for the sector, which has been battling tricky market conditions […]
Chinese property developers are in the doldrums: sales are slowing amid high inventory, borrowing costs and refinancing risks are rising, and intensifying competition may lead to a price war. These are just a few of the findings in Standard & Poor’s Ratings Services’ latest report on the sector, “The Credit Overhang: Chinese Developers With Large […]
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, […]
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 […]