Shenzhen has been one of China’s hottest property markets. But it saw sales plunge during the coronavirus pandemic. Residential sales beat market expectations in June. Photo: Bloomberg
As coronavirus fades in China, homebuyers are stampeding back in, boosting the outlook for developers’ stocks
- Sales of 30 major developers tracked by Jefferies beat market expectations in June, posting average jump of 18 per cent
- Mid-cap developers expected to outperform in second half of year
Shenzhen has been one of China’s hottest property markets. But it saw sales plunge during the coronavirus pandemic. Residential sales beat market expectations in June. Photo: Bloomberg
