Agile woe compounds China's property problems

Agile Property’s detained chairman heightens challenges for cash-strapped developers to raise funds.

Agile woe compounds China's property problems

Agile Property has been granted temporary relief from lenders but its woes bring into stark relief the funding challenges facing China's cash-strapped developers amid a slowdown in the sector.

“For the Chinese property sector as a whole we think the financing condition has tightened and is going remain tight over the next 12 months, both onshore and offshore,” Vincent Lam, an analyst at SP, told FinanceAsia.

“We think refinancing...

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