ANALYSIS: China’s Eastern Industrial Hub Suzhou May Face Housing Price Collapse Amid Over-Saturated Property Inventory

Tumbling house price game being playing out between Beijing and local authorities

The halted under-construction Evergrande Cultural Tourism City, a mixed-used residential-retail-entertainment development, in Taicang, Suzhou city, in China's eastern Jiangsu province, on Sept. 17, 2021. Vivian Lin/AFP via Getty Images

The number of used homes listed for sale recently skyrocketed in China’s industrial hub Suzhou, prompting a local financial expert to assert that the city’s housing prices would collapse by the year’s end.

According to information on Lian Jia, a Beijing-based real estate trade platform, the number of second-hand homes for sale in Suzhou was 163,108 units on May 1.