11 Jan Developer of Hong Kong micro flats Jiayuan gets closer to liquidation after buyers shunned parking-space-sized homes
Posted at 05:41h
in Asia
Jiayuan International Group, the developer of Hong Kong flats so small they inspired the coining of the term “micro flats”, is inching closer to its corporate demise after record interest rates weighed on its debts following poor sales of its minuscule apartments.The Nanjing-based developer lost...