I haven't seen this argument before: the article linked below notes that it may difficult to find a white knight for Kaisa due to the large number of projects frozen by and intertwined with the Shenzhen government. For "strangers" to Shenzhen, there is not much advantage.
iFeng: 融创10余人进驻佳兆业总部 一次性全盘接手有困难
Real Estate Newsletter Articles this Week: New Home Sales Increase to
693,000 Annual Rate in March
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At the Calculated Risk Real Estate Newsletter this week:
• New Home Sales Increase to 693,000 Annual Rate in March
• Lawler: Observations on the Recent Sur...
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