Guangzhou New-Home Supply Shifts as Completed Units Reach 50%

The shift toward completed units signals a buyer's market in Guangzhou: developers are competing on certainty rather than promises, effectively absorbing the financing and construction risk that presale models once pushed onto purchasers. That favors buyers wary of delivery delays but squeezes developers' cash flow, since finished inventory ties up capital far longer than pre-sold projects. The open question is whether this mix persists as a structural feature of the market or fades once confidence returns — and whether smaller builders can afford to compete on delivery certainty at all.