Unsold inventory has led to a price wars with reductions at (from left) North Sea Park in Hangzhou, and in Changzhou at Star River and Great Town. Photos: Sandy Li

Developers' big dreams for smaller mainland China cities falling apart

Land buying spree in hope of catching housing boom on mainland spells nightmares for property companies as oversupply forces price cuts

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Unsold inventory has led to a price wars with reductions at (from left) North Sea Park in Hangzhou, and in Changzhou at Star River and Great Town. Photos: Sandy Li
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