Pressure Mounts as Chinese Skyscrapers Stand Empty: A Price War Erupts Among Developers
2 months ago
In a remarkable turn of events, the skyline in several Chinese cities is reflecting a shocking reality: many towering skyscrapers stand empty, signaling a troubling oversupply in the property market. This precarious situation has ignited fierce competition among developers, leading to drastic price cuts in an attempt to attract potential buyers and tenants.
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China's Home Sales Slump Worsens in September Ahead of New Stimulus Measures
3 months ago
China's housing market slumped further in September, reflecting heightening challenges for the nation's real estate sector ahead of newly announced stimulus measures. The latest data showed far weaker property sales readings than had been forecast for the month, adding to concerns over stability and growth in one of the world's largest economies.
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