Chinese developers face ongoing destocking challenges as restructuring efforts continue

The destocking trend among Chinese developers is expected to continue into 2025, indicating ongoing challenges in the real estate sector.

BEKE and CR LAND are noted as preferred players in this market.

Logan Group has reached an agreement with creditors regarding a term sheet for a comprehensive restructuring proposal concerning its offshore debt, which exceeds $8 billion. This move is part of broader efforts to stabilize the company amid financial pressures.

The satisfaction rate for 'whitelisted' real estate project financing in Henan reached 88% last year, with a total loan scale surpassing RMB 120 billion. This reflects a robust response to government initiatives aimed at supporting the real estate market in the region.

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