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China’s real estate crisis is triggering a financial crisis, and everyone is unlikely to be immune to the fallout, expert says
The construction of new dwellings across Victoria has dipped 3 percent from 12 months ago and is expected to continue to decrease in the succeeding years.
Under the new measures, the government will examine the water and sewerage usage of holiday homes to find out how often homeowners visit the property.
An average property now attracts around 25 enquiries, more than triple the number before the COVID-19 pandemic.
Thirty four of China’s top 50 private real estate developers have so far defaulted on their overseas debts.
