Here are the top property developers in China. Report.
I analyzed the financial indicators for them below.
I expect the property market in China to stabilize. There was a recent announcement from the regulator that made it possible for existing developments in strong financial position, including several state owned developers, to take over the projects of weak developers (such as Evergrande) and to complete them.
The new regulation stipulated that the debts of these projects will be excluded from the computation of the debt ratio of the rescuing developer from the "three red lines".
3 comments:
Developers hold all the good units for the last.
They put out units in batches.
If the buyer goes in that particular month or week that the choices you have were the 70 units they put out on mega projects. They then told the buyers a $36,000 discount for that week, only for units that were unpopular like the unlucky number or bad facing. That is how they got buyers to suck in.
They put in the built-in area for aircon ledges of if a loft can be built, they include that as a built-in area, but you have to build the loft yourself if you want to. But you pay for that area.
Before the S&P agreement, you were told that 2 weeks notice would be given for the milestone payment. Not written in black and white. Some people received payment to pay up within 7 days. No mention of working days or inclusive of public holidays and you happened to be away.
All in all big bully small. Not a good country to live in anymore. A large number of people feel the stress of trusting what they are being told with a commitment of a large monthly payout for 20 years.
Wat is the use of having Vicom test when cars are bursting into flames?
If you are using CPF for a deposit and a bank loan for all your payments not much of a problem the conveyancing lawyer will do it all for you.
If cash needed to come out, due to TDSR, you may have a little problem given 7-day due date if your cash is tie-up in bonds, stocks or fixed deposits. Developers can be cunning.
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