evergrande

Evergrande has failed to deliver the debt restructuring plan it promised

Evergrande has failed to deliver the debt restructuring plan it promised

The real estate company’s failure to meet its self-imposed deadline comes at a time when China’s entire property sector is dealing with a growing mortgage boycott and slumping housing sales. According to an exchange filing on Friday, Evergrande offered instead some details on ‘preliminary restructuring principles’ for its offshore debt, and said it aims to …

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Evergrande misses deadline for $300bn debt restructuring plan

Evergrande misses deadline for $300bn debt restructuring plan

Evergrande has failed to meet a self-imposed deadline for a proposal to restructure its $300bn in liabilities, adding to uncertainty over the fate of the world’s most indebted real estate developer. The struggling property business, which was the most prominent default last year in a sector-wide liquidity crisis in China that shook its entire real …

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Explained: Why China's crumbling real estate sector has the world on edge

Explained: Why China’s crumbling real estate sector has the world on edge

China’s homebuyers are running out of patience as the country’s real estate crisis threatens to spiral out of control. Hundreds of thousands of homebuyers have begun a “mortgage boycott”, refusing to pay their mortgage for unfinished or stalled housing projects. As of July 18, homebuyers in 80 cities and 200 projects had threatened to stop …

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