Optimism in China’s property market is well-deserved, with caution
Wall Street firms like Goldman Sachs are now expressing cautious optimism about China's housing market, suggesting it may be bottoming out in 2025, a significant shift from their downbeat predictions in late 2023. This change in sentiment is attributed to more effective easing measures introduced by Beijing, which have boosted sales in both secondary and primary markets, and a broader rally in Chinese stocks, particularly in the technology sector.
The improved outlook is supported by data indicating stabilization in parts of the housing market, including growing new home sales and slight monthly price increases in major cities like Shanghai and Shenzhen. While challenges remain and the recovery is uneven, with some cities still experiencing price declines, the emerging "green shoots" in first-tier cities and the overall positive shift in investor sentiment suggest a potential turning point for China's beleaguered property sector.
via SCMP Full Text Feed
Wall Street firms like Goldman Sachs are now expressing cautious optimism about China's housing market, suggesting it may be bottoming out in 2025, a significant shift from their downbeat predictions in late 2023. This change in sentiment is attributed to more effective easing measures introduced by Beijing, which have boosted sales in both secondary and primary markets, and a broader rally in Chinese stocks, particularly in the technology sector.
The improved outlook is supported by data indicating stabilization in parts of the housing market, including growing new home sales and slight monthly price increases in major cities like Shanghai and Shenzhen. While challenges remain and the recovery is uneven, with some cities still experiencing price declines, the emerging "green shoots" in first-tier cities and the overall positive shift in investor sentiment suggest a potential turning point for China's beleaguered property sector.
via SCMP Full Text Feed
