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"A Troubled $140 Billion Bet on China Property Gets Even Worse" "International investors who poured billions of dollars into China real estate are increasingly looking to sell their properties at steep losses... Foreign property buyers invested close to $140 billion into office towers, warehouses, shopping malls and data centers in China in the last 15 years, according to data compiled by MSCI Real Capital Analytics. Investors thought they would profit from a long-lasting surge in demand from businesses looking for space, but that turned out to be a miscalculation. An unprecedented supply glut is causing rents to fall and values of many properties to tumble, in some cases to below prices seen a decade ago...."
kshaughnessy2 ↗