Property Market Chartbook, June 2020

Property sales were stronger in May, particularly in tier-2 cities, but have started to decelerate in early June data.  Industrial output of key construction inputs and overall construction activity are likely to slow in the coming months as flooding in southern China coincides with a seasonal  lull.  Trust companies, a key source of funding for property developers, are facing new financial pressures.

Posted June 24, 2020
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