New World Is a Reminder China’s Real Estate Crisis Isn't Over
The Victoria Dockside complex developed by New World in Hong Kong.
Photographer: Chan Long Hei/BloombergThis article is for subscribers only.
Welcome to The Brink. It’s Trista Xinyi Luo and Pearl Liu, reporters in Hong Kong, where we’ve been looking at the latest property trouble in Greater China. We also have the latest on Clearlake’s Quest Software, Thames Water and Rivian. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Greater China’s property crisis is back in the spotlight after New World Development’s decision to defer some dollar perpetual bond interest payments rattled global credit investors and reignited concerns about the region’s drawn-out real estate crunch.