Central Beijing mall put up for sale by Hong Kong developer Parkview

Quick Summary:

The owner of Parkview Green, locally known as Fang Cao Di, is grappling with high mortgage payments and low occupancy, sources say.

Meanwhile, China’s commercial real estate is suffering a downturn, with Beijing’s citywide vacancies jumping to 20.6 per cent in the second quarter, the highest in at least 15 years, Bloomberg News reported earlier citing Colliers data.

Considerations are ongoing and no final decisions have been made, the people added.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChina

Topics: Beijing’s People Company Slump Parkview Prolonged China’s Commercial Property Green Sale

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 14:56:43 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 220 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24494661

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