Part 1/9:
The Decline of Housing Prices in China: A Look into Heong Jang's Market
The housing market in China is facing an unprecedented downturn, with cities like Heong Jang witnessing property prices dropping to alarmingly low levels. Units in this small city are now being offered at prices that seem almost too good to be true. For instance, top-floor apartments can be acquired for as little as 10,000 yen, while even larger units are only marginally more expensive. This dramatic drop in prices has triggered a widespread discussion among locals and has left many people questioning the sustainability of such low-cost properties.