China Investor Gloom on Property Reaches Record, Survey Finds
- Business school survey finds record plans to cut investment
- Investors still optimistic on economic growth, domestic stocks
Residential buildings under construction in Beijing.
Photographer: Bloomberg
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A record share of Chinese investors plan to cut their allocation in property over the next year, a new survey showed, underlining the difficulties Beijing is having breathing life back into the sector.
The net share of respondents planning to cut their investment in domestic real estate over the next year rose to a record 31.7% in the third quarter of this year, according to the quarterly investor sentiment survey published by the Cheung Kong Graduate School of Business in Beijing.