By most estimates, there are tens of millions of flats sitting empty in mainland China. Photo: AFP
By most estimates, there are tens of millions of flats sitting empty in mainland China. Photo: AFP

Fifty million empty flats threaten to plunge China’s troubled property market further into crisis, warns think tank

  • The average vacancy rate in mainland China is 12.1 per cent, according to BRI, meaning millions of empty units could flood the market
  • Now the property boom is over, the unoccupied homes are beginning to feel like a burden for their anxious owners

By most estimates, there are tens of millions of flats sitting empty in mainland China. Photo: AFP
By most estimates, there are tens of millions of flats sitting empty in mainland China. Photo: AFP
READ FULL ARTICLE