Housing inventories in China, or unsold residential property declined by just 5 per cent on a yearly basis in July and remained high at 432 million square metres. Photo: AP

Happy days may soon be over for China’s real estate companies

Purchase restrictions in some second-tier cities are an indication that government wants to rein in sector, says Bank of America Merrill Lynch

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Housing inventories in China, or unsold residential property declined by just 5 per cent on a yearly basis in July and remained high at 432 million square metres. Photo: AP
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