"My house's value has dropped by as much as one-third, and we have lost some 10,000yuan," a homeowner surnamed Yang told Shanghai Daily.The price drop occurred for advance sales, not existing apartments. People demanded refunds or rebates. When they didn't receive any, they smashed up the office of China Overseas (0688.HK). Prices for similar apartments in Shanghai are off 25 to 30%, based on the examples in the article.
The Bear Market Rally Of Oct22-Mar24 Is Over
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The bear market rally which began on October 13, 2022 with an intraday low
of 3,492 topped on March 28, 2024 with an intrday high of 5,265. From top
to bot...
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