Free Trial

China's Real Estate Market Headed For Soft Landing - Adviser

CHINA PRESS
MNI (Singapore)

China’s real estate market is expected to have a soft landing following recent policies supporting financing, with rates of decline in home starts and construction slowing, Yicai.com reported citing Sheng Songcheng, former director of the surveys and statistics department at the People’s Bank of China. The year-on-year declines in new housing project starts and construction area narrowed by 9.3 and 10.6 percentage points in October, respectively. Market expectations are likely to improve as real estate developers seek new financing and local governments provide support to ensure the delivery of unfinished housing projects, said Sheng. Regulation of the sector is correct, and it is impossible for China to significantly stimulate economic growth through the real estate industry in the future, Sheng added.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.