

How did 6 million people in China buy homes that don’t exist?
Oct 10, 2023
Fan Wang, a BBC reporter in Singapore, discusses societal pressures and challenges young people face to be home owners in China. Chen Yen, a journalist at BBC’s Chinese service in Hong Kong, explains the details of the housing market crisis. The podcast explores the implications of a collapse in China's property market and the risks faced by millions who paid for non-existent homes. It also delves into the growth and transformation of China's real estate industry and the role of China's pre-sell system in the crisis.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Challenges of Buying Homes for Young People in China
01:44 • 2min
The Growth and Transformation of China's Real Estate Market
03:24 • 2min
China's Pre-Sell Property System and Its Role in the Property Market Crisis
04:57 • 2min
China's Property Market Crisis: Unfinished Homes and Financial Troubles
06:29 • 7min