Market Chatter: China Hands Over 2.9 Million Residential Units

MT Newswires Live11-15

China delivered up to 2.9 million residential units as of Thursday, The Standard reported Friday, citing the Ministry of Housing and Urban-Rural Development.

The ministry said more than 80% of new flats were completed as planned in 74 provinces, while 90% of new homes were delivered in two dozen cities, the report said.

Meanwhile, Sunac China (HKG:1918) proposed a debt restructuring plan with four options, including a cash tender offer, payment through economic income right, debt settlement with assets and full-amount long-term debt extension, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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