BEIJING: According to recent reports, Goldman Sachs has expressed optimism for high-yield US dollar bonds issued by Chinese real estate companies, as the business outlook in China’s real estate sector continues to improve.
This comes as China’s new home sales rose for a second straight month in March, which indicates a revival in the country’s real estate sector.
This revival has been fueled by a series of measures introduced by Chinese regulators starting late last year.
Head of Asian fixed income at Goldman Sachs Asset Management, Salman Niaz, said: “In our view, there are currently high-return opportunities from private real estate developers – both from those companies that have not defaulted and from those who have defaulted.”
In addition to the rise in home sales, there has been progressing in debt restructuring for major real estate companies.
Companies such as China Evergrande and Sunac China have recently announced agreements with a group of overseas creditors on an overseas debt restructuring plan.
The positive outlook on China’s real estate market has led to predictions from industry experts such as Niaz, who suggests that companies with large, diversified businesses, operations in high-quality cities, and strong management teams will generate better returns for credit investors.
For news and blogs, visit Graana.com
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
