Property Market Chartbook, October 2020

Beijing’s new property tightening measures limiting developers’ balance sheet growth–the so-called “three red lines”–already appear to be having an impact on construction activity, new starts, and land sales. Overall property sales momentum was steady in September, despite falling housing prices in many markets. Local governments are following Beijing’s lead and rolling out new tightening measures of their own.

Posted October 23, 2020
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