liquidity crunch Tag

05 Feb China property: Sunac, Country Garden projects among property developments added to local governments’ ‘whitelists’, to get financial support from banks

While Beijing-based Sunac had 90 projects cleared for loan applications on Monday, Shanghai-based developers Shimao and CIFI had 16 and 18 projects, respectively, added to whitelists over the past week, according to local media reports.Country Garden, once the mainland’s largest private property developer by sales,...