Analysts at Standard Chartered expect China’s annual housing floor space sold to fall 3% in 2018, recovering to growth of 4% in 2019.
Key Quotes
“The real-estate sector is likely to contribute a lower 0.2ppt to GDP growth in 2018, and 0.3ppt in 2019.”
“Our comparison of 40 cities suggests housing affordability is worst in Shenzhen, Beijing, Xiamen, Sanya.”
“Sanya, Haikou, Zhengzhou, Nanning, Wuhan and Hangzhou are more vulnerable to housing downturns.”
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