Chinese Developer Fantasia Proposes $4.7 Billion Debt Restructuring to Stabilise Finances

Chinese property developer Fantasia Holdings has announced a sweeping plan to restructure nearly $4.7 billion in offshore debt as the company attempts to stabilise its finances following years of turmoil in the country’s real estate sector. The Shenzhen based developer revealed detailed terms

China Cuts VAT on Home Resales but Buyers Remain on the Sidelines

A Modest Tax Cut Aimed at Boosting Activity China has introduced fresh tax relief for the housing market by lowering value added tax on individual home resales starting January 1. The move is designed to reduce transaction costs and encourage market activity at