Part 2/15:
Homes that were once seen as prized assets have dramatically depreciated. A typical apartment in Shenzhen Bay, initially purchased for 20 million yen, has now lost over half of its value, dropping to roughly 8 million yen. Homeowners who bought their properties at the peak of the market face untenable situations—houses are now considered liabilities instead of investments, and in some cases, residents are offering properties for free, merely requesting that others assume the mortgage debt.