2024-08-14 05:00:20 +0300
Fifty million empty flats threaten to plunge China’s troubled property market further into crisis, warns think tank
South China Morning Post
By Pearl Liu- The average vacancy rate in mainland China is 12.1 per cent, according to BRI, meaning millions of empty units could flood the market
- Now the property boom is over, the unoccupied homes are beginning to feel like a burden for their anxious owners
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