Property News · April 17, 2019

Loss aversion angst grips Chinese developers as Australian housing market fades


Chinese developers who arrived late to the fading Australian housing boom are faced with a curious choice: is it better to cut losses on investments that have turned sour or ride out the slump in the hope of an eventual recovery?One option is take the loss upfront by unloading land to other developers, a move seen as appealing to smaller developers who lack the financial firepower to wait it out in expectation of an eventual recovery.About a half-dozen Chinese developers have expressed a…

Source : South China Morning Post
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