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Property Market Chartbook, April 2021

China‚Äôs property industry reported strong yet moderating growth across most major indicators in Q1, flattered by comparisons to last year’s COVID outbreak. Sales are strong even relative to normal years despite tightening measures from both Beijing and local governments, risking more aggressive restrictions on purchases and developers’ financing. The land market remains weak in small cities unaffected by the new land auction system, suggesting weaker new starts and construction momentum ahead.

Posted May 5, 2021
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