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China’s housing market to worsen fast in first half 2019, said CICC

China's real estate sector has cooling down after the authority put in place various restriction to curb skyrocketing home prices and the cooling trend could even accelerate in the first half of 2019, which is expected to bolster the government to relax controls on the sector, at least partly, to stimulate the slowing economy trade tensions with the United States.

The real estate market is expected to worsen rapidly in the first half of 2019, with property sales measured by floor space to drop by more than 10 per cent, according to the latest research note from China International . . .

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