"We understand that at least half a dozen Chinese developers have put their land holdings on sale to other developers or land bankers, with sites that can Âaccommodate at least 300 units," said Carrie Law, Chief Executive and Director of Juwai.com, a real estate portal for Chinese international property buyers. "They paid too much for the land and know too little about building. It's cheaper to sell now and lose a little money than it would be to go forward with construction and lose much more money," reports South China Morning Post (17 April 2019).
