[kokee]

since last yrs already said china property bubble going to burst.
>30 city & town property price below RMB4500 sm=RM450 sft=S$90 sft, some complete unit at S$10k-30k is norm.
>40 city & town, price down >60% already.
ton of bad debt for housing loan for banks in china, auction easily up 30000%, ton of abandon, letb youhave their unit if you continue to pay loan & more. after covid in shanghai & most coty, situation will be much worse with income down, jobless surge to sky.
global rate hike push china rate direction, housing loan rate also on the rise, plus RMB plunges, double down for foreign buyers.
next is can china banks survive if property total burst?
HK property is the same.





徹底崩塌！40城暴跌57％，直接腰斬，中國樓市很難救起來，收入越來越低，基本生活都成問題，對樓市沒信心，根本沒有錢買房

樓市，又到了最嚴峻時刻……30城房價低於4500元㎡，幾萬元一套房，降價都沒人要？ 房價再便宜50%才正常？

with china property crashing hard now, ton has to abandon their property at any price but their cant run away from their bank housing loan, ton due to developers bankrupt, property uncompleted, no property to stay but still need to pay housing loan in full or bank will sue them to bankrupt, that is if they loan $2 mil from bank, they did not get the property yet still need to pay up $2 mil in their life time to bank, millions of such cases now & if they die, their children has to continue to pay for them, this is real slavery in their life time & slavery their children, well done, china, this is very common in chnia today with collapsing china property market.