Chinese offload property after failing to keep up with repayments
Tokyo | Middle-class Chinese are increasingly selling their properties in Australia and other countries, with some forced to offload their investments at below-market rates, as high interest rates and a sputtering Chinese economy bite, overseas data shows.
For decades, Chinese buyers poured money into high-rise apartments in Sydney, Melbourne and Brisbane, lured by the prospect of quick capital..
https://www.copyright link/world/as...erties-as-rates-slowdown-bite-20240305-p5fa42
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