A construction site in Shanghai. Market observers say a rebound in home sales could be fragile and short-lived, especially as mainland China experiences its worst economic slowdown on record. Photo: Reuters A construction site in Shanghai. Market observers say a rebound in home sales could be fragile and short-lived, especially as mainland China experiences its worst economic slowdown on record. Photo: Reuters
A construction site in Shanghai. Market observers say a rebound in home sales could be fragile and short-lived, especially as mainland China experiences its worst economic slowdown on record. Photo: Reuters

Small Chinese property developers betting on ‘revenge spending’ could go bankrupt instead

  • About 230 developers have already gone out of business this year, an increase of 10 per cent over last year
  • ‘The risk of going bust is huge in the second half, as small developers are gambling’: Nomura

Topic |   China property
A construction site in Shanghai. Market observers say a rebound in home sales could be fragile and short-lived, especially as mainland China experiences its worst economic slowdown on record. Photo: Reuters A construction site in Shanghai. Market observers say a rebound in home sales could be fragile and short-lived, especially as mainland China experiences its worst economic slowdown on record. Photo: Reuters
A construction site in Shanghai. Market observers say a rebound in home sales could be fragile and short-lived, especially as mainland China experiences its worst economic slowdown on record. Photo: Reuters
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