Property Market Chartbook, October 2021

Property market indicators show no signs of improvement so far in October. Recent announcements of property tax trials should impact sales conditions in the sector, despite regulators’ attempts to soothe recent market tensions. Developers continue scaling down land purchases to preserve cash, and local governments are delaying auctions due to weak demand. The slowdown in property construction will depress headline cyclical data in Q4 and Q1 2022.

Posted October 25, 2021
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