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Q1 Real-estate Recovery Can Continue - Expert


China’s real-estate market will continue its steady Q1 recovery into Q2, according to Chai Qiang, chairman of the Chinese Society of Real Estate Appraisers. Chai said he expects strong growth in the leasing market, with one-third of the population, mainly young people, expected to require leasing accommodation once the urbanisation rate reaches 75%. Although real-estate investment in Q1 had fallen 5.8% y/y, the rate of decline slowed significantly and strong policy support was now leading to a sustainable recovery. (Source: China Economic Journal)

MNI Beijing Bureau |
MNI Beijing Bureau |

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