Soho China


PUBLISHED : Thursday, 03 November, 2011, 12:00am
UPDATED : Thursday, 03 November, 2011, 12:00am

Beijing-based property developer Zhang Xin has made a name for herself and her husband in the mainland property market.

Now, according to news reports, the co-founder of SOHO China is worried that property cooling measures launched by the central government are hurting sales and threatening to send debt-laden property developers to the wall.

'In my 16 years as a developer this is by far the most challenging year I have ever had, in terms of what we could sell,' Zhang, CEO of SOHO was quoted as saying by AFP.

Since the start of this year the central government has clamped down on booming property prices, as it fears a bubble forming in the sector. It has raised interest rates and restricted lending to developers, making it very difficult for many to get financing.


Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.


Enter multiple addresses separated by commas(,)

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Enter the characters shown in the image.