China Demand for Soviet-Style Apartments Shows Limits to Revival
Five years into China’s real estate slump, homebuyers are finally starting to return. The catch for developers: they’re avoiding shiny, new apartments and concentrating on small, old ones.
By Charlie Zhu, Emma Dong · Bloomberg
Five years into China’s real estate slump, homebuyers are finally starting to return. The catch for developers: they’re avoiding shiny, new apartments and concentrating on small, old ones.