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The 117 Tower in Xiqing district, Tianjin on May 28, 2026. Photo: Ding Feng/Caixin
Consortium takes over collapsed private project, underscoring Beijing’s push to deal with distressed real estate assets
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The 117 Tower in Xiqing district, Tianjin on May 28, 2026. Photo: Ding Feng/Caixin

Consortium takes over collapsed private project, underscoring Beijing’s push to deal with distressed real estate assets

Consortium takes over collapsed private project, underscoring Beijing’s push to deal with distressed real estate assets

Fierce bidding for select plots in Beijing, Shanghai and Hangzhou masks a five-year low in land purchases by major developer

Real estate transactions and prices in megacities like Shenzhen and Shanghai are rebounding, though a nationwide recovery remains…

Real estate transactions and prices in megacities like Shenzhen and Shanghai are rebounding, though a nationwide recovery remains…

Plan for country's tallest tower scrapped in Shenzhen; rental housing eyed in Shanghai