Recovery signs in China's property sector

Macquarie calls the bottom in sales volumes, but others warn it is still too soon to give the Chinese property sector the all clear, especially in Shanghai.

Macquarie has called the bottom of the Chinese residential property market in terms of sales volumes. In a report, the Australian bank says that the recent sales data were better than expected and that a bottom in prices and construction levels is set to follow.

Volume levels in the cities that Macquarie tracks were up by as much as 50% year-on-year in January and February. In month-on-month growth, Guangzhou, Chengdu and Tianjin showed the greatest improvements in February. Shanghai and...

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