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
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
Tommy Wu
Opinion

Opinion

The View by Tommy Wu

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
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
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