Shanghai’s Housing Panic Has Triggered China’s Worst Property Crash Ever!

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But the truth is this: it hasn’t collapsed completely… yet. A housing bubble that swelled for ten years in Shanghai’s core districts is now bursting at the speed of three. Whoever bought at the top? They’re finished. I’m finished. I can’t hold on anymore. Prices are falling nonstop. Over the past two months, Shanghai’s second-hand market has frozen—homes can’t be sold, listings keep piling up, and selling prices are being slashed everywhere.

Yesterday, we finally managed to unload a tiny 69.9-square-meter unit in Songnan, Baoshan District—5th floor, sold for 1.7 million yuan.
But here’s the shock: it was bought for over 3 million. That’s how desperate the owner was. Why not copy the Century Park strategy—list the old price and let buyers choose to buy or not? In fact, I’m telling all owners now: since you can’t sell anyway, raise your prices. Add 10%. If buyers don’t want it, that’s their problem.