In the wake of China’s economic sluggishness and the collapse of the real estate market, luxury home prices in first-tier cities have plummeted. The once unshakeable myth of upscale properties as a safe investment has been shattered. Years of savings for homeowners have turned to dust, leaving the populace lamenting these “woeful times.”
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Shanghai Luxury Homes Drop Nearly 10 Million in Price, Owners Struggle in Agony
