A scene from a Beijing construction project. Chinese developers may struggle to keep up with current pace of construction and completion amid a credit squeeze. Photo: Handout
A scene from a Beijing construction project. Chinese developers may struggle to keep up with current pace of construction and completion amid a credit squeeze. Photo: Handout

Evergrande’s debt crisis spoils appetite for risk, forcing 206 plots to withdraw from China’s land auctions since September

  • About one-third of land plots had been pulled from auctions since September because of no bidders as developers tightened purse strings
  • Home sales fell 20 per cent in September as current pace of building and completion seen as onerous amid a credit squeeze

Topic |   China property
A scene from a Beijing construction project. Chinese developers may struggle to keep up with current pace of construction and completion amid a credit squeeze. Photo: Handout
A scene from a Beijing construction project. Chinese developers may struggle to keep up with current pace of construction and completion amid a credit squeeze. Photo: Handout
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