A construction site for a residential skyscraper in Shanghai. Industry executives see dark skies ahead for China’s property development firms. Photo: AFP
A construction site for a residential skyscraper in Shanghai. Industry executives see dark skies ahead for China’s property development firms. Photo: AFP

Skies darkening for China’s property developers as tighter credit to slow sales growth

Industry executives see restrictive policies lasting for two years, which could spur further consolidation among companies

A construction site for a residential skyscraper in Shanghai. Industry executives see dark skies ahead for China’s property development firms. Photo: AFP
A construction site for a residential skyscraper in Shanghai. Industry executives see dark skies ahead for China’s property development firms. Photo: AFP
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