Increasing supply doesn't necessarily decrease prices. Increasing supply above demand is required for prices to decrease. Unrelated to the above, but China's e

Increasing supply doesn't necessarily decrease prices. Increasing supply above demand is required for prices to decrease. Unrelated to the above, but China's excessive building isn't actually from central planning, but because real estate is the one of the only viable investment methods in China, and because selling land to developers is one of the only ways local governments can raise revenue. Chinese cities are quite expensive to live in (especially if you have Western standards)