China's real estate sector is facing worsening conditions with a significant decline in home prices, impacting household wealth. Despite this, Shanghai's luxury real estate market stands out with high demand and quick sales of multimillion-dollar properties, providing a contrast to the overall bleak property sector in China.
Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector. Highlights include a $15 million penthouse that was bought hours after it went on sale, and 200 homes priced from nearly $5 million that were taken in less than a day. https://t.co/ld7eftqF30
Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector. It’s the only one among the country’s mega cities that’s still attracting people to put down money in an asset class that has otherwise been abandoned. https://t.co/2Kje82Yf8U
Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector. Highlights include a $15 million penthouse that was bought hours after it went on sale, and 200 homes priced from nearly $5 million that were taken in less than a day. https://t.co/YEbwimlhUF
The way back from the abyss for China’s real estate companies is full of potential snags. https://t.co/kYrwq9knSB
ICYMI! After two years of massive downward pressure on #China's #GDP growth, things are getting worse(!) for the Chinese real estate sector. The decline in home price values is accelerating, hollowing out Chinese household wealth! China WILL lower rates! https://t.co/xlsf6SbYRB