Chinese middle class struggling with overseas property investments

Since the pandemic, Chinese middle-class families are facing financial difficulties, making it challenging for them to complete payments on their overseas investment properties. The worsening economic conditions, including business failures, layoffs, and mortgage loan defaults, have led many to scale back their investments. The income drop and declining market value of domestic properties in China have further exacerbated the situation. This has affected the overseas real estate market, particularly in Southeast Asian countries where apartments and condos were once popular investments for the Chinese middle class.