Chances, risks co-exist in China’s 2020 property market
Dec 06, 2019 18:30
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China’s property market may see some positive signs in 2020 after a slowing 2019, though some challenges will persist amid Beijing’s firm stance of “houses are for living not for investment” and the constraint in funding, Chinese market sources shared the cautious optimistic view on December 6.
China’s central government will stick to its general guideline that “houses are for living not for investment”next year, a Beijing-based economist said, and in such a context, China’s commercial banks will most likely rank credit issuance to property developers as “high risk” as well as be careful granting mortgage loans