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Nanjing Fudi Furun Plaza

Nanjing Developer Defaults as China Real Estate Credit Crunch Continues

2014/04/21 by Michael Cole Leave a Comment

China’s real estate industry witnessed its second significant default in less than a month last week when a Nanjing property developer failed to repay a RMB 105.4 million (US$16.9 million) inter-company debt from a Shenzhen-listed shipbuilder.

The default on a… Read More>>

Zhu Mengyi Hopson Development

Troubled Chinese Developer Says Sales Down Nearly 70% in 2014

2014/03/11 by Michael Cole Leave a Comment

Hong Kong-listed Hopson Development Holdings Limited (HKG:0754) announced on Monday that its contracted sales for the two months ended 28 February 2014 amounted to about RMB 471 million – a decrease of 69.6 percent compared to the same period a… Read More>>

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