Chinese Property Developer Fantasia Misses Debt Payments (3)

Another Chinese developer fell into crisis on Monday after failing to repay a maturing bond, adding to the strains of the nation’s heavily leveraged property firms following industry giant China Evergrande Group’s debt woes.

Fantasia Holdings Group Co. didn’t repay a $205.7 million bondthat was due Monday, according to a company statement. Separately, property management company Country Garden Services Holdings Co. said that a unit of Fantasia didn’t repay a 700 million yuan ($108 million) loan that also came due on Monday and that a default was probable.

LISTEN: Rebecca Choong Wilkins, Bloomberg’s team leader for China Credit, discusses troubled Chinese developers with Juliette Saly and Bryan Curtis on Bloomberg Daybreak Asia.

Signs of stress in China’s property sector are spreading, ...