Here are five things to look forward to next year in China’s residential property industry
- While sales of auto and home appliances are slowing, policymakers are not expected to ease property curbs because they are waiting for the final signal that investment growth has decelerated, analysts said
Will Beijing ease its curbs on the property market, as the all-important economic engine is widely expected to slow down?
That was the biggest question for China property watchers awaiting signals from this week’s Central Economic Work Conference, which sets economic policy direction for the world’s second-largest economy for the coming year.
Property industry watchers will scrutinise the post-conference pronouncements word-by-word for hints about what’s ahead for soaring home prices and other policies impacting the sector.
The meeting came at a high-stakes moment for China and its property market. The Chinese economy is slowing at a time of uncertainty about the US-China trade war.
Protests, rare in China, have been sparked after developers cut prices in new-flat developments, undermining the value of homes that had recently been bought. Meanwhile, government curbs to control runaway home prices have become a drag on the economy, at a time when President Xi Jinping said the country needs a powerful domestic market to drive growth.
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