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MNI: A Slow Road Ahead For China Property Rebound

MNI (Singapore)
SINGAPORE (MNI)

Policies to spur home buyers and help developers are in place, but Covid-19 curbs act as a drag.

True

China’s embattled property market will see a gradual recovery in the second half of this year, as pledges from top policymakers to local authorities aim for a quick turnaround once Covid-19 cases drop, according to analysts citing the latest real estate data.

Property investment in the first four months unexpectedly fell 2.7% y/y to the lowest since April 2020, reversing a 0.7% gain in Q1, data released by the National Bureau of Statistics showed. A drop in real estate investment is rare in China and will require a combination of looser credit for buyers, and developer financing, wrote Yan Yuejin, director of E-house China Research and Development Institution on his WeChat account.

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China’s embattled property market will see a gradual recovery in the second half of this year, as pledges from top policymakers to local authorities aim for a quick turnaround once Covid-19 cases drop, according to analysts citing the latest real estate data.

Property investment in the first four months unexpectedly fell 2.7% y/y to the lowest since April 2020, reversing a 0.7% gain in Q1, data released by the National Bureau of Statistics showed. A drop in real estate investment is rare in China and will require a combination of looser credit for buyers, and developer financing, wrote Yan Yuejin, director of E-house China Research and Development Institution on his WeChat account.

Keep reading...Show less