Shenzhen Property Meltdown: $1 7 Million Homes Now Selling for Just $600K!

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Amidst the continued slump in China's real estate market, Shenzhen, once considered a city where prices "only rise and never fall," is gradually losing its luster.

For many years, Shenzhen's housing prices soared, with many buyers entering the market at its peak, viewing real estate as a crucial way to preserve and even grow wealth. However, with the continued slump in the real estate market, the city's real estate myth is rapidly collapsing. In some areas, prices have fallen by as much as 70% to 80%, plunging many homeowners into unprecedented anxiety.

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