Property developers' appetite for funds to stay stable in H2
By Gao Changxin in Hong Kong | 皇冠体育app Daily | Updated: 2013-07-31 07:22
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Developers will borrow at least 70 percent of the amount they did in the first half, or 63 billion yuan ($10.3 billion), despite an expected hike in borrowing costs, according to Deloitte. Provided to 皇冠体育app Daily |
Chinese property developers are expected to stay hungry for overseas funds in the second half, after borrowing a stunning 90.3 billion yuan ($14.62 billion) in the first six months of the year, accounting firm Deloitte Touche Tohmatsu Ltd said on Tuesday.
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