Living with Ruins: “Rotten-Tail-Housing” and the Lived Market Crash

Дата публикации: 23-06-2026 20:24:08

After two decades of expansion, China’s real estate economy slumped into a prolonged recession. Beginning from 2020, small and big developers, trapped in debt accumulated over the previous aggressive cycles of profit accumulation, abandoned works on ongoing housing projects, leaving hundreds of apartment buildings unfinished. Most apartments in the abandoned projects were already sold through home presales, […]
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