Fund-hungry property firms turn to overseas financing

Five companies to issue notes or bonds worth more than $2b

BEIJING - Chinese real estate firms have turned to the overseas market to seek financing as tougher regulations have made it more difficult for them to raise funds at home.

At least five property companies have announced moves to issue notes or bonds worth more than $2 billion in total in the overseas market since the beginning of July, according to latest statistics from the Centaline Property Research Center.