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Flood of discounted auction homes deepens China’s property slump

China’s residential property prices kept falling this year as a surge in court-ordered auction homes flooded the market with steep discounts, deepening buyer wariness and stalling any signs of recovery in the world’s second-largest economy. Data from China Index Academy, a real estate research institute, showed the number of properties listed for court-ordered auction across […]

The post Flood of discounted auction homes deepens China’s property slump appeared first on Asia Times.

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