Shocking! China’s Unfinished Homes Are 20 Times the Unsold Ones, Totaling 50 Million Derelict Units
Shocking! China’s Unfinished Homes Are 20 Times the Unsold Ones, Totaling 50 Million Derelict Units
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On September 28, during the Tsinghua Wudaokou Chief Economist Forum, Lu Ting, the Chief Economist of Nomura Securities China, offered a deep analysis of the current state of China’s real estate market. He said the policy to ensure developers deliver homes should take priority over the government's current strategy of buying unsold housing stock, as the number of homes that have been sold but remain unfinished is 20 times the number of homes that have been built but not sold.
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