[sgbuffett]

While many in the west are alarmed by the massive collapse of China real estate

The actual situation and reality is the Chinese Govt has planned for a collapse of the sector 
to take over home building in China  while small private Developers are allow to build and sell homes, the bulk of future homes will build by SOE owned by the govt.

[Niubee]

I think they are on track. BUT... i worry eventually they will become PAP/HDB mark to market valuations.

Build at very low cost and yet sell at high market prices.