Category: Property Development

forecast5 November 7, 2021 Johnny Kipps

Where have all the property developers gone? Artificial islands combing tourism theme parks and residential facilities built by the Evergrande group. Evergrande owes retail investors, suppliers and other creditors more than $300bn and narrowly averted a formal default last week. Over the past year, the group’s Hong Kong-traded shares have fallen more than 80%. Even…