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New World Development on Friday rejected claims circulated on social media that the company has pledged its commercial projects as a form of...
HONG KONG - After years of expansion in Hong Kong, cash-strapped Chinese developers are reducing their presence in one of the world's most expensive property markets, allowing firms in the financial hub to scoop up some of their assets at distressed prices. Developers including China Evergrande Group and Kaisa Group Holdings Ltd, struggling under billions of dollars in debt, have...
By Clare Jim HONG KONG (Reuters) - After years of expansion in Hong Kong, cash-strapped Chinese developers are reducing their presence in one of the w...
The trend will help Hong Kong property tycoons to boost their dominance in the Chinese-controlled territory.
By Clare Jim HONG KONG (Reuters) - After years of expansion in Hong Kong, cash-strapped Chinese developers are reducing their presence in one of the w...