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China Housing Market Seen Stabilising In H2-Herald

CHINA PRESS
MNI (Singapore)

China’s property market is expected to gradually stabilise in the second half of the year, with first- and second-tier cities improve while third- and fourth-tier cities digest high inventories, the 21st Century Business Herald reported citing analysts. Housing transactions in cities in Yangtze River Delta such as Shanghai, Hangzhou and Hefei are likely to turn positive in H2, the newspaper said citing analysts. The average sales of the Top 100 developers was CNY35.64 billion in H1, decreasing 48.6% y/y, and there are nine developers in the 100-billion-yuan camp, compared to 19 same period last year, the newspaper said citing data by China Index Academy.

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China’s property market is expected to gradually stabilise in the second half of the year, with first- and second-tier cities improve while third- and fourth-tier cities digest high inventories, the 21st Century Business Herald reported citing analysts. Housing transactions in cities in Yangtze River Delta such as Shanghai, Hangzhou and Hefei are likely to turn positive in H2, the newspaper said citing analysts. The average sales of the Top 100 developers was CNY35.64 billion in H1, decreasing 48.6% y/y, and there are nine developers in the 100-billion-yuan camp, compared to 19 same period last year, the newspaper said citing data by China Index Academy.