# real estate recovery

China’s Housing Delivery Crisis Eases: 7.5m Previously Undelivered Homes Handed Over as Sector Shifts to Repair

China has largely resolved the acute ‘delivery difficulty’ that left millions of pre-sold homes unfinished, completing roughly 7.5 million handovers by the end of the 14th Five-Year Plan. Coordinated central and local interventions, white-list financing and legal measures have reduced immediate systemic risk, allowing developers to shift focus to debt restructuring and balance-sheet repair.