HONG KONG, Sept 11 Reuters Embattled developer Country Garden faces a new round of voting by creditors to extend several debt maturities on Monday, having avoided default at the last minute twice already this month to bring some respite to the crisishit Chinese property sector.

The voting, due to conclude by 10 p.m. Hong Kong time 1400 GMT, will have onshore creditors decide on approving a proposal by Country Garden to extend repayments of eight onshore bonds by three years.

The latest voting comes after the country39;s largest private developer on Sept. 1 won approval from creditors to extend payments by three years for a 3.9 billion yuan 533 milliononshore private bond.

That voting was delayed by two times before Country Garden39;s proposal won support from 56.08 of participating creditors. It also managed to avoid default in the offshore market, with a lastminute bond coupon payment last week.

Country Garden39;s bondholders on Monday will vote separately on proposals to extend the maturities of eight onshore bonds, which were issued by the developer and a subsidiary and were set to mature and be puttable in 2023 and 2024.

Country Garden did not immediately respond to request for comment.

Country Garden, one of the few large Chinese developers that have not defaulted on debt obligations, has been facing liquidity pressure with reduced available funds as sales plunged, its interim financial statements show.

It faces 108.7 billion yuan 14.9 billion worth of debts…