Alsephina , 3 months ago

Not afaik. Anyone buying an unfinished condo though likely already has a home, specially since China’s home-ownership is about 90%.

And if they don’t, they can buy one for much cheaper now cuz house prices have gone down thanks to this real estate bubble being popped. And China already has 600 million vacant homes.

https://assets-global.website-files.com/61ea4a526864d021a5ef3bfc/62fe4713661e7582d929a0b3_jIfRGIvQcaqOc6L0u_FjE3SZkgCqpXJrq0PbAelcm6wsOuEj1TO9gri6wGOLYLn9AXR-i69gRBXF6fP89JBKI6qaZ8JynYYQWM954IVGLW9qBGJhjByNg_3ZpAvMNKT-wJSSsCTbsYiZMInLKOEzbCfzvei5YQ%3Ds0-d-e1-ft.jpeg

This also coincides with the CPC moving funding from the overinflated real estate sector to the high tech sector btw.

https://lemmy.ml/pictrs/image/94ae083d-b028-4d15-bbcd-ba81ac583475.png

particularly EVs

https://lemmy.ml/pictrs/image/0f1b4b7e-24d9-498c-8cc9-220a8305e03c.png

Geopolitical economy report has a more in-depth video on this.