Updated
Updated · South China Morning Post · Jun 21
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.

Insights

Despite a sales surge, is China’s property market halfway through a 'Lost Decade' like Japan's?
As Beijing pivots from property to tech, is the era of real estate as the primary path to wealth over?