recovery-signs-in-chinas-property-sector

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 Hangzhou were excluded from the recovery, however -- the rationale being that cities in the Yangtze and Pearl River deltas entered the downturn later than their peers.

A lot of the demand came from...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222