Shenzhen’s Dire Situation in China’s Real Estate Market
Lao Man Channel (@laomanpindao) reported that Shenzhen faces the most severe real estate bubble in China, with the worst market conditions in 2023. The city witnessed an over 20% drop in average prices within a year and a 30% cumulative decrease since the peak in 2021. The decrease was especially significant in central districts.
深圳，作为中国房地产泡沫最严重的城市，也是2023年楼市最惨的城市，全市均价一年下跌两成多，较2021年的房价峰值期，累积降幅已经达到了3成。并且越是所谓中心区段，降幅越大。
在泡沫巅峰的2021年初，深圳相同区段的房价，比广州高50%多。比如深圳南山中心区的房价达到18万，广州珠江新城只有… pic.twitter.com/nqoqYPHq2E— 老蛮频道 (@laomanpindao) January 4, 2024
User Reactions:
- 傅旻: “It’s reasonable for prices to return to early 2015 levels.”
- 老蛮频道: “If the economy doesn’t collapse further, that would be relatively reasonable.”
- 小小明: “Why are new homes in Dongguan Nancheng and Songshan Lake recording new highs in these two years?”
- Yellow for the real healing: “Trees die when moved, humans live when moving. Shouldn’t buy real estate. In the future, no need to buy a 70-square-meter house for less than 100,000 yuan.”
- 新中国人&中共研究院: “The fall in real estate prices can’t save the collapse of China’s birth rate.”
- Công Đoàn: “👍👍 Open area, high-tech city, southern financial center… A shining cake!!”
- Aric: “Especially those who bought houses after 2019 will struggle.”
These reactions indicate a mixture of speculation, concern, and criticism about the collapsing real estate market in Shenzhen. Users are contemplating the broader economic implications, including the impact on recent homebuyers and the relationship between real estate trends and other social and economic factors in China.