Buildings in Shenzhen on Sunday, August 4, 2019. Photo: Bloomberg Buildings in Shenzhen on Sunday, August 4, 2019. Photo: Bloomberg
Buildings in Shenzhen on Sunday, August 4, 2019. Photo: Bloomberg
China property

China’s home foreclosures soar as nation’s debt-fuelled property bull run sputters on falling income and dim job prospects

  • As many as 1.25 million homes were foreclosed in China as of September 16, according to the Taobao e-commerce platform operated by this newspaper’s owner Alibaba Group Holding
  • The number of foreclosures on the platform stood at 300,000 at the end of 2019 and 180,000 in 2017

Topic |   China property
Buildings in Shenzhen on Sunday, August 4, 2019. Photo: Bloomberg Buildings in Shenzhen on Sunday, August 4, 2019. Photo: Bloomberg
Buildings in Shenzhen on Sunday, August 4, 2019. Photo: Bloomberg

Corrected [5:30pm, 17 Sep, 2020]

  • [5:30pm, 17 Sep, 2020]

    Corrects second subhead to reflect figures in the story

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