Big Trouble in Shanghai! Residents Spooked, Three Million Flee, Panic House Selling
Big Trouble in Shanghai! Residents Spooked, Three Million Flee, Panic House Selling
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And it’s not just luxury properties—Shanghai’s overall second-hand housing market has seen a massive increase in listings. Prices have dropped between 50% and 70%, and after the 2025 Lunar New Year, the number of second-hand homes on the market hit a five-year high.
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