If home prices fall 30 per cent, 11.2 per cent of the estimated 49 million vacant homes would leave their owners in negative equity. Photo: EPA

Flood of empty homes exceeds needs of first-time buyers in China

Household survey finds owners are likely to face heavy losses amid increase in vulnerability from mainland slowdown

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If home prices fall 30 per cent, 11.2 per cent of the estimated 49 million vacant homes would leave their owners in negative equity. Photo: EPA
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