Vacancy Rates in Chinese Cities Signal Risk of Oversupply

What’s new: A real estate market research institute warned of oversupply in China’s housing market as vacancy rates climbed in major Chinese cities.

The average housing vacancy rate in China’s 28 major cities reached 12%, higher than the average rate in the U.S., Canada, France, Australia and Britain, according to a report issued Friday by Beike Research Institute, the research arm of KE Holdings.