As of 2010, China's real estate market is the largest in the world.
But recently the site was put on the real estate market for an asking price of $3.9 million.
"If the economy goes down, the real estate market is going to be much better," he said.
In 2011 the house was put on the real estate market.
But the hot real estate market has caught up with the region.
"Not everything I heard about the real estate market was true," he said.
"It was to be built at the time when the real estate market fell off."
But a private real estate market was created for nearly everything built on that land.
"The real estate market has had a very difficult time over the past year," he said.
Take a look at some of the issues involved in the real estate market.