Chinese private developers face a $553bn funding gap to complete pre-sold homes, exacerbating China's real estate crisis.
Chinese private developers face a $553bn funding gap to complete pre-sold homes, according to Goldman Sachs, adding to the ongoing real estate crisis in China. The funding shortfall could hinder the industry's recovery, with the impact of last year's property easing measures fading and developers' funding conditions remaining stretched. Goldman Sachs analysts believe that the government needs to boost developer funding to improve the situation.
April 15, 2024
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