Chinese developer clarifies project block
Hong Kong
PROPERTY developer China Overseas Land & Investment (Coli) said on Friday that local authorities had blocked sales at one of its projects in Shenzhen for administrative reasons, and that this would not have any impact on its finances or operations.
Around 2,900 units at a residential project owned by Coli called Yuejing Garden have been blocked from pre-sale, the website of Shenzhen's Urban Planning Land and Resources Commission shows. But Coli said that this blockage was not due to it failing to comply with legal requirements and that it…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans