Property News · November 28, 2022

Evergrande crisis: Chinese developer’s Shenzhen plot sold to local government-backed buyer for US$1 billion


The 10,376-square-metre plot in Shenzhen’s Nanshan district was sold to government-backed Shenzhen Anju Jianye Investment Operation. Evergrande acquired the plot in 2017 for 5.55 billion yuan.

Source : South China Morning Post
Read more…Evergrande crisis: Chinese developer’s Shenzhen plot sold to local government-backed buyer for US billion