Residential buildings in Beijing. UBS sees the number of property development firms in China shrinking as the market cools. Photo: Reuters

Number of Chinese property developers seen shrinking drastically in the next 5 years

UBS sees only single-digit thousands or even hundreds of the currently around 30,000 property firms surviving as the country’s property market cools

Topic |   China property

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Residential buildings in Beijing. UBS sees the number of property development firms in China shrinking as the market cools. Photo: Reuters
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