Buyers queueing for a residential property project by Kaisa Group in the Hubei provincial capital of Wuhan on 5 August 2012. Photo: ImagineChina.
Buyers queueing for a residential property project by Kaisa Group in the Hubei provincial capital of Wuhan on 5 August 2012. Photo: ImagineChina.

Kaisa to sell assets after missing payment as it faces a hectoring by Shenzhen authorities and group’s stocks halt trading in Hong Kong

  • Kaisa has put 18 property projects with 1.45 million square metres in Shenzhen on the auction block, valued at 81.82 billion yuan
  • The most valuable project is the 29.8 billion yuan renovation of the Dongjiaotou shanty town in Shenzhen’s Nanshan district

Topic |   China property
Buyers queueing for a residential property project by Kaisa Group in the Hubei provincial capital of Wuhan on 5 August 2012. Photo: ImagineChina.
Buyers queueing for a residential property project by Kaisa Group in the Hubei provincial capital of Wuhan on 5 August 2012. Photo: ImagineChina.
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