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In Depth: Cutting the Ties That Bind Property Managers to Developers

By Wang Jing, Zhong Tengda and Denise Jia
2022年05月09日 16:26
China’s prolonged real estate slump drives a restructuring of the industry as management units break off links with their parents
Property workers lay flowers at a gate of a residential area in Shenyang, capital of Northeast China's Shenyang, on April 29. Photo: VCG

As China’s worst Covid-19 outbreak in two years prolongs the country’s property slump and starves stressed developers of cash, their property management units are increasingly separating themselves from troubled parents.

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