November 15, 2024 02:49 GMT
CHINA HOUSING: Property Sector Malaise Clearly Evident for Authorities.
CHINA HOUSING
- The release of key data for October is a reminder of the scale of the problem for the property sector in China.
- Residential property sales declined -22% YoY in October.
- The area of new home sales declined -17.7% YoY.
- Property investment YTD declined -10.3%.
- New property construction falls -22.6% YTD.
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