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<CN Home>UBS Still Estimates CN Property Mkt to Bottom Out in Mid- to Late-2026, High-End Homes to Stay in Demand
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John Lam, Head of APAC Property Research at UBS Investment Bank, said that prices of Chinese office, retail, and residential properties are still in a slow downside phase. Not only have residential prices fallen 30-40% from their peaks over the past 3-4 years, but rents have also been thrown into a downtrend, which Lam attributed to employment challenges amid an uncertain domestic economy and the increased supply of affordable housing. It is predicted that residential rents in first-tier cities will continue to fall by about 3-4% YoY this year. UBS maintains its view that the Chinese property market won't bottom out until mid- to late-2026. Lam added that rents must first find a floor for housing prices to stabilize and rebound. Meanwhile, the relaxation of price caps on new homes in China since last year has driven stronger sales in the high-end home segment as it has prompted developers to shift toward higher-end projects to meet demand for housing upgrades. Lam expects this trend to continue. AAStocks Financial News |
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