Pressure On Real Estate Remains Significant - Herald

Property developers have continued performing weakly in July, influenced by weak sales and high debt repayment schedules. Chen Wenjing of the China Index Academy said policymakers would need time for stimulus measures to take effect, and therefore weakness could continue in the short term. Wang Xiaoqiang from the Zhuge Real Estate Data Research Center believed the market would struggle to escape the current downward trend without additional substantial policy support. Li Yujia, chief research fellow at Guangdong Urban & Rural Planning and Design Institute said developers had started 30.2% less new projects in July m/m, a sign that recent fall in bond prices has further weakened sentiment in the sector. (Source: 21st Century Business Herald)