Property Market around Shenzhen Crashes 50— Mortgage Holders Devastated!

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Housing prices near Shenzhen are collapsing, leaving many homeowners facing huge financial losses. In nearby areas like Huizhou, property values that once seemed unstoppable are now dropping sharply.
Over the past few years, thousands of people working in Shenzhen bought apartments in Huizhou, believing it would become the city's affordable extension. Many families spent their life savings on down payments and committed to decades-long mortgages.
But today, the situation has changed dramatically.
Some apartments that once sold for $140,000 are now worth less than half that price. In certain coastal developments, prices have fallen by 50% or more. Many owners say they cannot sell their homes even after lowering prices multiple times.
Developments that were once promoted as luxury seaside communities now appear quiet, with large numbers of empty apartments and weak rental demand. Some homeowners are forced to sell at huge losses, while others continue paying mortgages on properties they have never even lived in.
Why are housing prices falling so quickly near Shenzhen?Is it oversupply, economic slowdown, or declining buyer confidence?
This video looks at real stories from homeowners and explores the reality behind the falling property market around Shenzhen and Huizhou.
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