The property market in smaller mainland cities faces "true risks of a sharp correction" due to oversupply. Photo: Reuters
The property market in smaller mainland cities faces "true risks of a sharp correction" due to oversupply. Photo: Reuters
Property /  Hong Kong & China

Ningbo developer fails under weight of HK$4.4b debt

Collapse adds to concern of strains in mainland property sector and follows Chaori bond default

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Updated: 5:12am, 18 Mar, 2014

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The property market in smaller mainland cities faces "true risks of a sharp correction" due to oversupply. Photo: Reuters
The property market in smaller mainland cities faces "true risks of a sharp correction" due to oversupply. Photo: Reuters
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