Part 5/11:
The real estate market in China developed under a series of policies that promoted aggressive investment and speculation. Families poured their savings into property, driven by a belief that real estate was a stable investment. However, this investment mentality was built on shaky ground. With over 60 million homes currently unoccupied and complete property value plummeting in a relentless downtrend, the reality has set in—home ownership is no longer a reliable path to security.