PS: IMO China has learned from the Japanese & US property market failures and like the Republic of Ireland 2008-2018 , it will simply nationalise failed private enterprise real estate projects and cash-in later.
I guess the key to China's overbuild is that at least property inflation won't drive general inflation like that of Aus and that as rural clearances continue to make room for commercially viable farming that the current excess real estate surplus will be likely filled within a decade . The rural migration to cities has been the cornerstone to China taking hundreds of millions out of poverty and, IMO, that process will, more likely than not, continue.
It looks like population growth has peaked at 1.4 Billion despite china lifting the one child policy and, IMO, once China sorts out its youth unemployment there will be an increased demand for housing.
PS: In 2 generations despite China's one child policy the population of China has more than doubled!
