Is this a sign of exuberance in the property market?
Everybody wants to be a property developer as making money from property seems to be so much easier compared to running a brick and mortar business.
Just bid for land, market at a price that guarantees profit, build and then move on to another project.
For many, the temptation is too great to ignore.
New Players Buy Into Hot Property Scene
When the tide falls, we will find out who has been swimming naked.