Is China property back? Rich buyers snap up Shanghai luxury project on day one

By Stanley Yupu Li , senior reporter | 27 August 2024 | 4 minutes read
Blossoms China (Source: Sunac)

China’s property market has been one of the biggest victims in the country’s ongoing economic downturn, with turmoil in the sector reverberating across the bond markets and wealth management sector. But could China’s real estate winter be over? One Shanghai luxury residential property has emerged as a bright spot, with wealthy individuals rushing to snap up units in the development…

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