Macquarie Research said it first observed the unusual pattern of a sales rebound in China property market not accompanied by a revival in land banking and new starts in 2015.
Investment and acquisition appetite has improved in 2016 but still falls far short of the 40% sales growth achieved YTD. The research house believes the market will now likely enter into a cooling cycle with sales slowing down over the next six months, dampening developers' desire to spend and build, exacerbating the shortage of land and saleable units.
If the keyword in the sector last two years was divergence, the new trend next two
years should be shortage, Macquarie said. Shortage of land bank, shortage of saleable resources, shortage of desirable cities to expand into, shortage of attractive companies with quality and visible growth will become more obvious.
17/10/2016 10:49
[I-bank focus]MacQ sees supply shortage in China property
- 經濟通
- 強化版MQ
- 強化版TQ
- 財曆
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