Goldman Sees ‘High Return’ Potential in Chinese Property Bonds
- Firm flags notes from private builders, including defaulters
- ‘Most of the defaults are done’ for Chinese developers: Niaz
Residential buildings under construction in Beijing, on March 4.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Goldman Sachs Asset Management still sees opportunities for strong returns in Chinese property firms’ high-yield dollar notes as business prospects have improved.
New-home sales rose for a second month in March, signaling a recovery could be taking hold after Chinese regulators rolled out a series of measures starting late last year to pull the property sector out of its biggest meltdown.