China Home Buyers Hunt Bargains as Some Resale Flat Prices Halve From Peak
Updated
Updated · South China Morning Post · Jun 21
China Home Buyers Hunt Bargains as Some Resale Flat Prices Halve From Peak
1 articles · Updated · South China Morning Post · Jun 21
Summary
Shanghai buyers are stepping back into the market as prices in some lived-in flats have fallen nearly 50% from their peaks and show signs of stabilizing.
Policy easing and firmer activity in first-tier cities are underpinning that shift, while buyers still retain leverage in negotiations despite early recovery signals.
Brokers say brisk transactions are lifting confidence, with some purchasers moving on recent sales data and expectations of further government support.
The tentative rebound follows years of damage from Beijing’s “three red lines” crackdown, which triggered a developer debt crisis and eroded confidence in China’s property market.