When Li Qing decided to sell her apartment in the southern Chinese city of Guilin, the real estate agent made an enticing offer: a quick sale and a guaranteed payment of 900,000 yuan ($125,000), hassle-free. All she had to do was agree to a few unusual conditions.
In Depth: The Scam That Turned China’s Housing Slump Into a Cash Machine
2025年07月10日 16:13
Speculators are exploiting the discrepancy between low actual sale prices and high official valuations
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- A scam that exploits the difference between a property’s high valuation and actual selling price to obtain cash through an inflated mortgage is sweeping China’s ailing real estate sector. Photo: AI generated
[财新双语通产品，是为有双语需求读者专门订制的优惠产品， 按此可享超值优惠订阅。]
版面编辑：喻竹杨洋
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