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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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  • 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.