Chinese developers hit the panic button


It began in H2 last year as Chinese developers topped buying, via the AFR:

Chinese developers are steering away from expensive inner city site purchases for apartment projects as they wait out the housing downturn and the uncertainty of next year’s federal election.

At the height of the boom in and around 2013 to 2015, many Chinese developers including Greenland, Golden Horse, Country Garden, Aqualand and Dalian Wanda paid top prices for apartment sites, but now that tide has turned.

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