A luxury project in Wenzhou, the only major mainland city where property prices dropped in a September survey. Photo: Ricky Wong A luxury project in Wenzhou, the only major mainland city where property prices dropped in a September survey. Photo: Ricky Wong
A luxury project in Wenzhou, the only major mainland city where property prices dropped in a September survey. Photo: Ricky Wong

Good times and easy cash long gone in Wenzhou

End of underground banking spells doom for property market that once rivalled Shanghai's

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A luxury project in Wenzhou, the only major mainland city where property prices dropped in a September survey. Photo: Ricky Wong A luxury project in Wenzhou, the only major mainland city where property prices dropped in a September survey. Photo: Ricky Wong
A luxury project in Wenzhou, the only major mainland city where property prices dropped in a September survey. Photo: Ricky Wong
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