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Roshan Padamadan Benedicte Gravrand, Opalesque Geneva:

A glut of properties, poor returns and a weakening economy in China have hurt investors’ appetite for real estate investment there in cities beyond Beijing and Shanghai, according to a report by Urban Land Institute, a U.S.-based nonprofit research organization.

China is notorious for its ghost cities — development properties and even shopping malls largely vacant of people. But many Chinese buy housing as a store of value, reported Forbes in September. Those empty properties may have owners living somewhere else. Those that are mostly undersold could face trouble down the road. A number of China’s mid-sized developers are basically trading as penny stocks.

Jim Chanos, a famous China bear, said China's property market was on the verge of crashing. As the credit-fueled housing bubble is not happening in the major cities, the problem cannot be easily seen, he added.

But some participants at the recent Opalesque Singapore Roundtable beg to differ; they believe investors are bad......................

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