One Financial Street in Shanghai, an office and retail development in the heart of Jing’an district seen on June 24, 2020, is located adjacent to the city’s railway station. Photo: Daniel Ren

Hong Kong real estate fund stumbles as trade war, coronavirus tip Shanghai commercial property into bear market

  • Two of Phoenix Property’s funds have a November deadline to repay loans used to part finance Shanghai office tower deals
  • ‘This is just a short-term crisis,’ co-founder Samuel Chu says
Topic |   Coronavirus pandemic: All stories
One Financial Street in Shanghai, an office and retail development in the heart of Jing’an district seen on June 24, 2020, is located adjacent to the city’s railway station. Photo: Daniel Ren
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