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Just a normal boom bust housing cycle. Happens everywhere. Just slightly different as it is exacerbated by greed and sudden shifts in policies. Will work itself out eventually but no one knows exactly when.
Previously nearly everyone in China is hoping to acquire/have acquired 2 or more properties. Right now no one speaks of it as investment and making money but there is still genuine demand. Different tiered cities will have different pace of recovery.
The badly managed, most leveraged developers will struggle and avoid being bankrupt for some time to come. The best managed developers are acquiring prime land on the cheap and are doing fine. History tells us they will see rapid increase in earnings in the not too distant future. Gloom and doom is always the perfect time to purchase properties. Sg is probably nearer the peak, Cn probably closer to the bottom of the cycle.
Previously nearly everyone in China is hoping to acquire/have acquired 2 or more properties. Right now no one speaks of it as investment and making money but there is still genuine demand. Different tiered cities will have different pace of recovery.
The badly managed, most leveraged developers will struggle and avoid being bankrupt for some time to come. The best managed developers are acquiring prime land on the cheap and are doing fine. History tells us they will see rapid increase in earnings in the not too distant future. Gloom and doom is always the perfect time to purchase properties. Sg is probably nearer the peak, Cn probably closer to the bottom of the cycle.