Numerous Taiwanese businesses have departed from Kunshan, Suzhou, a top-100 county in China, resulting in economic downturn and a housing market collapse. On May 7th, the Kunshan government issued a notice condemning two real estate projects, Dream Moon Garden and Upper Garden, for unauthorized substantial price reductions of 30% for 30 units during the May 1st sales event. Upon further examination, it emerged that the renowned property firm Vanke was behind the price cuts, suggesting that even Vanke's properties are struggling to sell, and the entire Kunshan housing market is in distress.