Property developers' appetite for funds to stay stable in H2

By Gao Changxin in Hong Kong | China Daily | Updated: 2013-07-31 07:22

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 China 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.