More like shocked, via Bloomie:
Builders are delaying residential projects because prices have soared out of many Australian buyers’ reach, while some Chinese investors have left the market altogether, said Edward Doueihi, 46 year-old managing director at Sydney property developer Ceerose.
Some developers are putting jobs on hold, either because developers can’t get pre-sales to make a project work or they can’t get funding, he said. The result is that the 30-year industry veteran is now looking for alternative opportunities.
