property downturn

New Business

Unit of Chinese developer R&F Properties defaults on US$147 million in interest payments

Chinese developer R&F Properties said a subsidiary missed interest payments on offshore notes in another sign of escalating troubles for…

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New Business

Shanghai’s wealthy residents upgrade to premium homes, ignoring property market upheaval

Luxury homes in Shanghai are defying the downtrend in China’s mass market segment as wealthy buyers, relatively unscathed by the…

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