Nobody's home in 10.2m apartments, survey finds
By Zheng Yangpeng | China Daily | Updated: 2014-05-13 07:19
CLSA study says number could rise annually by as much as 4m
China has about 10.2 million units of empty housing, and that number could rise by 3 to 4 million a year, according to Credit Lyonnais Securities Asia Ltd.
If this estimate is accurate, it means that China's vacancy rate was 15 percent last year, 5 percentage points higher than the average in the United States.
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