Chinese Property Investors on Alert
The data out of China's property markets have been robust. Not only were transaction volumes up 60% in value and 37% in area in the first half, but investment rose by 11.6% between January and July to US$171 million. New construction starts still fell in the January-July period, but by 9.1%, a slower rate than the 10.4% decline in the first half. Property prices, meanwhile, rose 1% in July from the previous year, higher than the 0.2% increase reported in June.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.