A study of more than 80 China-listed developers that have declared March quarterly earnings showed cash to short-term-debt ratios at two-year lows amid a steady decline in margins since 2011. Photo: Reuters

China's property sector primed for shake-up as downturn drains cash

Developer margins at lowest since 2011 as falling prices, tighter credit likely to force consolidation

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A study of more than 80 China-listed developers that have declared March quarterly earnings showed cash to short-term-debt ratios at two-year lows amid a steady decline in margins since 2011. Photo: Reuters
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