China's residential property sales by floor area are expected to decline by about 10% in 2023, with sales to drop about 20% in the first half of the year and to stay in line with 2022-level in the second half, according to a research note by UBS.
Official data showed that China's residential property sales by floor area reached 1.15 billion square meters in 2022, sliding 26.8% from the year before, and based on that, sales in 2023 are expected to reach . . .
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