Giant Chinese property developer snaps up bargains from struggling smaller builders | Asia | News
August 22nd, 2008 | by Editor |Large property developers in China are investing billions snapping up distressed real estate from smaller companies that are struggling.
China’s estimated 50,000 small developers who borrowed heavily last year to buy land are now suffering financial problems and unable to borrow to keep going. A growing number are either folding or seeking aid.
read more @ the SOURCE: propertywire.com – Giant Chinese property developer snaps up bargains from struggling smaller builders
