China's home inventories have been climbing amid the ongoing down cycle in the housing market, with lower-tier cities seeing particularly higher pressure. That has prompted some local government to restrict land approval for property development in order to reduce home supply.
As of the end of April, China’s unsold property inventories by floor area stood at 557 million square meters, marking the highest level in four years, rising 8.4% from the . . .
Sign In or Subscribe To Get Full Access.Â
LIMITED-TIME OFFER! DON'T MISS OUT!
Join us for real-time updates on the Chinese economy and financial market every trading day, with details and data you don't see anywhere else.
We’re committed to delivering value through our three-tier service:
- Real-time updates throughout trading hours, providing quick brief updates as the market moves.
- In-depth feature stories with data-driven analysis on key news and events of the day.
- China Market Weekly Recap, sent every Saturday, offering a comprehensive review of the week’s top stories and market trends.
Only want China Market Weekly Recap for now? Get it Here