Property Market Chartbook, December 2019

November property sector data showed declining new starts but a pickup in property construction activity as developers rushed to meet full-year sales targets, assisted by some warmer weather in northern China. Recent policy signals suggest slower construction in 2020, as the Central Economic Work Conference statement reiterated Beijing’s persistent concerns about speculative demand, while some cities are reportedly mulling new requirements for developers to place presales revenues in escrow to ensure buyers receive fully constructed houses.

Posted January 7, 2020
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