Property Market Chartbook, May 2020

China’s property market has reached a major crossroads. Sales have recovered following the COVID-19 outbreak, but have improved most in tier-2 cities liberalizing household registration requirements. Sales in smaller cities are more important for construction activity overall, and are still suffering from the expiry of the shantytown redevelopment program. No signs of policy easing toward the property sector have emerged from the National People’s Congress meetings so far.

Posted June 8, 2020
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