Property News · November 9, 2018

A fifth of China’s urban housing supply lies empty, equivalent to 50 million homes


Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.
Soon-to-be-published research will show roughly 22 per cent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, he said.
The nightmare scenario for policymakers is that owners of unoccupied…

Source : South China Morning Post
Read more…A fifth of China’s urban housing supply lies empty, equivalent to 50 million homes

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