Property sales to slow in early 2019, especially in Tier-3 and Tier-4 cities, because of adjustments to shantytown compensation policy and shift away from cash compensation.
Property construction, however, will strengthen early in 2019 due to developers completing presold units and more shantytown-related construction.
Developers’ financing under pressure from slowing sales and mortgage lending, offsetting an easing credit environment.
Key risk later in 2019 is stalled construction on apartments and falling prices as developers struggle to finance building record-high volumes of presold units.
