[maikyah]

https://www.bloomberg.com/news/articles/...-firm-says

Shimao Group Holdings Ltd., a bellwether for financial contagion in China’s embattled property industry, suffered its biggest-ever bond rout on Thursday after a creditor said one of the developer’s units defaulted on a local loan.

The Shimao unit failed to pay 645 million yuan ($101 million) of a total 792 million yuan due by Dec. 25, according to a notice sent to investors by China Credit Trust Co. The trust firm had demanded early repayment by Dec. 25 after the developer failed to meet installment requirements, according to the notice

[sgbuffett]

While there is pain in property sector, it is less systemic than people think. China has thousands of developers many weak and over leveraged. Weeding them out of the system is a good thing.

I have been tracking China property sector for some time. Investors have been shifting funds to "eventual winners " of the consolidation . I am disappointed there is no systemic collapse that allowed me to buy cheap at bargain basement like I did with Chjna tech stocks.

I'm fact it looks orderly. A few protests by Evergrande customers ...etc . Some areas badly hit by sharp fall in prices ..
But there is no Asian crisis type moment....at least not yet.

[revealer]

Property market Up lorry liao

https://pbs.twimg.com/media/FI9sG4gaUAEt98t?format=png&name=360x360