Property developers picking up bargains from struggling smaller builders

Article Date : 26 August 2008

One property tycoon, Vincent Lo, has spent $700 million in the past year acquiring at least a dozen big real estate projects left unfinished by cash strapped developers in China. Vincent Lo, whose latest investment company is China Central Properties, said, ‘Last year, when the market was hot, everyone thought they could make a pot of...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/realestate/2008/08/27/property-developer-picking-up-bargains-from-struggling-smaller-builders.html

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Property developers picking up bargains from struggling smaller builders

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