中國經濟
China economy: will hot property market threaten post-pandemic rebound?

With Beijing concerned that the sector is overheating, heavily indebted developers like Evergrande face intense scrutiny

The shuttle bus from central Shanghai to Venice takes almost two hours. For investors like Wang Guili, that’s close enough to seek out a potential bargain.

At Evergrande Venice, named for the city which inspired it and the developer which built it, apartments in high-rise buildings that look out over the Yellow Sea can be found for as little as a fifth of the prices in her Shanghai neighbourhood.

“Very few residential projects allow me to buy a home without taking a mortgage,” says Ms Wang, a retired accountant. “Evergrande Venice is one of them.”

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