Female property tycoon has sailed through the property slump in China:
The property crackdown in China has meant severe losses for many property tycoons and billions of dollars being removed from them. However, Wu Yajun who is a chair real estate developer for Longfor and now is thought to have a calculated wealth of over $15 billion USD. Despite, her wealth having decreased by almost $3billion USD since 2021, it is still across China the smallest decline. This steadiness is attributed to her ‘financial discipline’ and management of her resources. Additionally, comments have been made suggesting Longfor would benefit from gaining market shares from other property developers.
Do you believe that other property investors worldwide should follow her strategies?