ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Property

Woes of Chinese property developers multiply

Many see monthly sales decline by more than half from 2021 level

HONG KONG -- Chinese developer Zhenro Properties Group had a lousy January.

Contracted sales for the Shanghai-based homebuilder tumbled just under 30% that month from the year before, on par with the drop recorded by many of its peers in recent months.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more