China’s coronavirus outbreak is slowing down sales activity and putting pressure on domestic Chinese developers. If the outbreak extends, developers could be out billions of dollars in funding. Developers in the country tend to sell condos and other residential properties before they complete construction and rely heavily on those advance payments and deposits to complete development. If they lost just 10 weeks of activity — a roughly 20 percent decline in advance payments — they’d
source https://therealdeal.com/2020/02/08/how-chinese-developers-are-exposed-to-coronavirus/
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