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Meaning of “speculative building” in the English Dictionary

"speculative building" in Business English

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speculative buildingnoun [U]

uk   us   PROPERTY
the ​activity of ​buildinghouses without having any ​buyers waiting for them: All ​speculativebuilding is on ​hold because of the ​weakeconomy.
speculative builder
noun [C] (also spec builder)
You must be ​licensed and ​paytax as a ​speculativebuilder if you are in the ​business of ​homesales.
(Definition of speculative building from the Cambridge Business English Dictionary © Cambridge University Press)
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“speculative building” in Business English

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