Property News · December 20, 2021

Why Chinese property management companies are losing favour with money managers


Investors in Chinese property management companies, worried that their embattled real estate parent companies are using them as a bailout fund, are abandoning the once red-hot sector in droves.A-Living Services, the nation’s second-largest operator and a unit of Guangzhou-based Agile Group, has plunged 35 per cent in the past month in Hong Kong. Country Garden Services, the next biggest peer, has slumped 18 per cent in the same period.Shimao Services has suffered the worst sell-off. The stock…

Source : South China Morning Post
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