US EditionChina’s Once-Hot Property Market Cools, Leaving Investors Wary
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China’s Once-Hot Property Market Cools, Leaving Investors Wary
In a telling sign of shifting fortunes, Eric Li, a mid-level manager at a state-owned enterprise in China, recently offloaded his two-bedroom flat in Tianjin for 2 million yuan (US$275,700). This price was a modest 20% higher than what he paid a dozen years ago, but after accounting for renovation costs and interest payments, Li barely broke even. His experience encapsulates the changing landscape… Source
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