this post was submitted on 25 Oct 2025
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Amid a wave of foreclosures, China’s homeowners could use a break (www.scmp.com)
submitted 3 months ago by rss@news.abolish.capital to c/china@news.abolish.capital
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Few outside China might know that e-commerce giants Alibaba and JD.com host the country’s largest online platforms for distressed property sales. On any given day, their auction websites offer a front-row view of China’s housing downturn where properties are foreclosed and liquidated under court orders, often at market-shaking discounts. A month ago, 66 flat units in a Shanghai project owned by indebted developer Sunac were put up for auction after being seized by courts. Buyers were found but...

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