Is The China/HK Property In A Long Term Structural Decline?

Bernard Aw, Economist for Asia Pacific, Coface

02-Nov-22 07:30

Is The China/HK Property In A Long Term Structural Decline?

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The China property market appears to be in a perfect storm. Monthly National sales decline continued to decline by 15.3% year-on-year in September 2022, narrowing from a 20.8% year-on-year decline in August. Developers' liquidity will also remain under pressure. But the Chinese government introduced new stimulus measures in late September to encourage homebuyers to purchase new properties. Will this be enough to lift near term sentiment or is the sector spiralling into a long term structural decline? For answers, we speak to Bernard Aw, Economist for Asia Pacific, Coface.

Image credit: Shutterstock

Produced by: Chong Tjen San

Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San

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Categories: markets, property

Tags: china-hk property, long term structural decline,

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