Dalian Wanda Commercial Properties, which aims to be one of Hong Kong’s largest IPOs in recent years, is attempting to come to market at one of the most challenging times for China’s real estate markets.
Despite the government’s efforts to stimulate China’s property market, it continues to struggle. Home prices in China fell 0.3% in August from the previous month, and although nationwide housing prices are up 4% year-on-year, it was the fifth consecutive monthly drop, according to real estate services firm E-House China.
Slowing sales, construction dropping off and banks becoming more cautious about lending have all contributed to a paltry year for the China’s...
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