Those Stubborn Facts: The Biggest Bubble of Them All?

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bubbles, China, housing, property, real estate, Those Stubborn Facts

Number of people who could be housed in currently empty apartments in China: 90 million

Area of purchased but unbuilt properties in China: 500-600 million square meters:

Number of Manhattans this figure adds up to: 10

Estimated cost of finishing these projects: $300 billion

 

(Source: “Real estate will defeat Beijing, again,” by Pete Sweeney, Breaking Views, Reuters, July 21, 2022, https://www.reuters.com/breakingviews/real-estate-will-defeat-beijing-again-2022-07-21/) 

 

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