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: BloombergShenzhen 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
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

Topic |   China property
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: BloombergShenzhen 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
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
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