View of a China Vanke construction site in Tianjin. Photo: SCMP View of a China Vanke construction site in Tianjin. Photo: SCMP
View of a China Vanke construction site in Tianjin. Photo: SCMP

China Vanke, mainland’s second largest developer, says coronavirus is making survival difficult for the sector

  • China Vanke says there will be a delay in handing over about 39,000 homes to buyers this year amid construction delays
  • Developer has lost out on US$7.3 billion in sales since January, with zero sales in the epicentre of Hubei province

Topic |   Coronavirus China
View of a China Vanke construction site in Tianjin. Photo: SCMP View of a China Vanke construction site in Tianjin. Photo: SCMP
View of a China Vanke construction site in Tianjin. Photo: SCMP
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