New apartment blocks under construction in Foshan, China. Photo: Martin Williams
Chinese builders face a tough choice: sacrifice profit now to generate cash or wait for better times
- Increasingly, developers face hard trade-off: to sell homes cheaply now or to wait for an easing of price controls and credit lines
- The huge discounts involved have been drawing hoards of potential buyers, who have in turn shunned more expensive lived-in homes
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China property
New apartment blocks under construction in Foshan, China. Photo: Martin Williams