Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market. The prices they get will help finally put hard numbers on just how much trouble the wider industry is in.

The worldwide slump triggered by borrowing-cost hikes has already wiped more than $US1 trillion ($1.54 trillion) off office property values alone, Starwood Capital Group chairman Barry Sternlicht said last week.

Bloomberg