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Evergrande races to restart projects as debt repayments loom

China’s Evergrande Group said it has resumed construction at most of its housing projects as authorities push the debt-laden developer to pay migrant workers and deliver apartments.

Nearly 92 per cent of Evergrande’s property projects have so far restarted, compared with just about 50 per cent at the beginning of September, according to a company statement. The number of workers involved in the projects that have resumed building has risen 31 per cent from September to 89,000.

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    Original URL: https://www.afr.com/property/residential/evergrande-races-to-restart-projects-as-debt-repayments-loom-20211227-p59kcj