You are here

VIRUS OUTBREAK

More than 100 builders go bust in China as virus strains deepen

The property sector is already reeling from a slowing market; smaller home builders will be hardest hit

BT_20200312_CHINA12JZUK_4058185.jpg
As Covid-19 spreads, the squeeze may be felt most acutely by Chinese banks and property firms. As a result, mergers and acquisitions among the nation's almost 100,000 real estate companies will ramp up again in 2020, say analysts.

Shanghai

THE coronavirus epidemic is accelerating a shakeout in China's property sector as a cash crunch forces distressed developers to throw in the towel.

With lockdowns across the world's most-populous nation entering their third month, smaller home builders are being pushed to...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes