BlogHotel.orgAccueil | Créer un blog | Imprimer la page Imprimer | Blog hasard Au hasard | Chercher des blogs Rechercher | Entrer dans le chat du blog Chat | | Jeux Jeux | Adminitration et édition du Blog Manager

shinenewstop Accueil | Profil | Archives | Amis
shinenewstop

Despite rebounding sales, China's property market not out of woods16/7/2020
   Although property sales of China's largest developers have rebounded since March as the economy gradually reopens, experts said it is too early to gauge when the nation's housing market will fully recover from a slowdown that started long before the pandemic lockdown.To get more news about China property market 2020, you can visit shine news official website.
In March, the combined contracted sales of the 10 largest developers by assets that also disclose monthly operational data rose to 260.45 billion yuan, ending four straight months of decline, according to company statements. In April, the combined sales increased further to 296.53 billion yuan, up 8.9% from a year earlier, the first year-over-year rise in 2020. However, for the first four months of this year, combined contracted sales of top developers were still 4.03% less than a year earlier. The developers in this sample are China Evergrande Group, Country Garden Holdings Co. Ltd., China Vanke Co. Ltd.,
Sunac China Holdings Ltd., Longfor Group Holdings Ltd., Seazen Group Ltd., Guangzhou R&F Properties Co. Ltd., Greentown China Holdings Ltd., Cifi Holdings (Group) Co. Ltd. and Agile Group Holdings Ltd.The rebound [has] not [been] remarkable nor surprising," said Victor Cheung, CEO and executive director of Midland Holdings Ltd.'s China division. "Given the economic development was pulled off track by the COVID-19 pandemic, to tell whether or not the market has recovered, we have to wait for the sales figures in the second half of 2020." China's property market started cooling long before the world's first COVID-19 cases were reported in Hubei province toward the end of 2019 and then a nationwide lockdown for most of the first quarter of 2020. In recent years, Beijing has also been stepping up regulations to crack down on "speculative activities" in the housing market, while the nation's economy continued slowing amid the unwinding of financial risk and then U.S.-China trade tensions.
 In 2019, the total area of commercial real estate sold — including homes, offices, hotel and retail space — fell 0.1% from a year earlier, compared to a year-over-year increase of 1.3% and 7.7% in 2018 and 2017, respectively, according to the National Bureau of Statistics of China. Now, as China's economy contracted for the first time on record in the first quarter, and many of its trading partners are reporting recessions, an uncertain global economic outlook will weigh on the export-reliant economy and its housing market, experts said. "Given both internal and external downward pressure brought by the stumbling global economy and slow economic recovery in Europe and the U.S., it is expected that the national gross floor area sold will be on par with that of 2019, with single-digit growth in property prices," Cheung said.
Poster un Commentaire

Entry 2358 of 3924
Précédent | Suivant

Blog suivant >> Signaler un abus?Haut de page