A man works on scaffolding at a construction site of a residential compound in Beijing on October 19, 2020. After an impressive rebound following the first wave of Covid-19, housing sales have weakened. Photo: Reuters
Opinion
Opinion
The View
As the Evergrande saga unravels, China’s property market can expect a further slowdown
- Even before Evergrande’s troubles, developers were taking steps to reduce leverage to meet new rules, a tightening of mortgage approvals had dampened housing demand and market concerns over default risks had led to higher financing costs
A man works on scaffolding at a construction site of a residential compound in Beijing on October 19, 2020. After an impressive rebound following the first wave of Covid-19, housing sales have weakened. Photo: Reuters
