Property Market Chartbook, August 2020

Property sales and new housing starts in China extended a strong recovery in July, but developers continue to cut prices. New tightening measures targeting developers’ financing channels, including bond issuance and trust loans, are the most significant threat to continued growth in property construction. Developers are likely to cut prices further and scale back on land purchases in response to tightening credit conditions.

Posted August 26, 2020
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