Reuters (September 23)
“China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country,” according to a former official “in a rare public critique of the country’s crisis-hit property market.” Official data shows approximately 7.2 million homes, but that excludes “the numerous residential projects that have already been sold but not yet completed” and speculatively purchased homes that remain vacant. Estimates vary, but “He Keng, a former deputy head of the statistics bureau,” estimates there aren’t enough people to fill China’s available housing inventory.
Tags: 1.4 billion, Apartments, China, Completed, Crisis-hit, Empty, Keng, Official data, Population, Property market, Residential projects, Sold, Speculative, Statistics bureau
