Moody's: Tightened pre-sale rules in Chongqing are negative for Chinese property developers
Hong Kong, February 09, 2017-- Moody's Investors Service says that tightened pre-sale regulations on commodity properties in the major western Chinese city of Chongqing by the municipal authorities are credit negative for property developers because it will weaken their liquidity and limit financial flexibility. "Developers in China typically use the pre-sale proceeds from their property projects to repay the related construction financing, and the tightened...
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