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The bond guarantees should give developers a leg-up to raise capital during a debt crisis that has hobbled the industry for the last year. Photo: Bloomberg

China offers troubled property market a lift through bond guarantees

Longfor Group will sell an onshore bond of up to US$250 million next week, one of several private developers poised to issue similar notes guaranteed by a state-owned credit enhancement company.

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A residential building is under construction in China’s Jiangsu province, in this file photo from July 2018. The new launches will add to China’s 13 existing Reits worth 58 billion yuan. Photo: Reuters

Could China’s rental property Reits finance its debt-ridden developers?

The first batch of China’s subsidised rental property real estate investment trusts (Reits) will be issued as soon as next week and has sparked hopes that it could come to the rescue of the country’s debt-ridden property developers.

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