An independent-media commentator with 300,000 followers named Chen Xiaosu, recently revealed a dramatic fall in property values at Yongqing Guorui Ecological City in Langfang city, Hebei Province. Properties there, once believed to have the potential for appreciation, have seen their prices crash from 23,000 yuan per square meter to just 4,000 yuan. She followed the trend in property speculation and learned her lesson the hard way.
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Housing Prices Plummet by 80%, Cries of Despair Everywhere, Ghost Towns Prevalent Across China
