57131179 - foreign investment sign written on a paper.

Chinese Buyers Could Spark “An Economic Catastrophe”

Fears of a looming apartment fall may be compounded by the mass failure of Chinese apartment buyers to settle their apartment contracts.  Robert Gottliebsen, business columnist at The Australian, said recent bank-led changes to loan criteria for foreign buyers could leave many overseas property investors from China exposed. “If the Chinese fail to settle [their…

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