Fantasia the latest Chinese developer to stumble

The group's outstanding debt and share price drop as the Shenzhen government freezes the sales of four apartments.

Fantasia the latest Chinese developer to stumble

Fantasia, the Chinese property company, has had the sale of four apartments blocked by authorities, the latest developer in Shenzhen to come under scrutiny after Kaisa defaulted last week.

The move by the Urban Planning Land and Resources Commission of Shenzhen Municipality sent bond prices to a record low along with its share performance.

Fantasia’s outstanding debt instruments maturing in 2020 and 2019 were trading at a cash price of 73.537 and...

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