Bond floats by property firms surge

Move could lead to higher financing costs, flurry of capital enhancements

Bond issuances by Chinese property developers have surged in the past few months, triggering fears of higher financing costs and the need to supplement cash flows, said analysts.

Combined financing for Chinese developers year-to-date was more than $37.2 billion in overseas markets, more than double that from a year ago, according to data from Wind Info, a Shanghai-based financial information services provider.