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<HK Home>S&P Expects Downtrend of CN Housing to Start Subsiding, Decline in Primary Property Sales This Yr to Narrow to 3%
Recommend 71 Positive 127 Negative 42 2025/05/12 02:21 GMT
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The downtrend in China’s property sector starts subsiding eventually, S&P Global Ratings’ report opined. Policymakers viewed stable property prices as a key driver of consumer demand, whereas S&P considered this is also critical in countering tariff pressures. With stabilizing property prices, companies focused on T1 and T2 cities with access to funding will benefit the most, while underfunded firms may struggle to capitalize. The rating agency forecast a mild 3% subtraction in nationwide new home sales for 2025, reaching RMB9.3-9.4 trillion, compared to a sharper 17% drop in 2024. S&P analysts expressed confidence in the Chinese government’s stronger resolve to revive the property sector. Since supportive policies were introduced in late September 2024, the property markets in T1 and T2 cities have begun to recover. A sample survey of 10 T1 and T2 cities showed YoY growth in second-hand home sales volumes since October 2024, reflecting reviving buyer confidence and demand. S&P expected similar stabilization in new home sales in T1 and T2 cities going forward. AAStocks Financial News |
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