China housing inventories seen piling up in 2015 as supply grows
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Hong Kong
NINE out of 12 listed Chinese developers surveyed by Reuters said they will launch more housing projects in 2015 as they strive to meet sales targets and boost market share - at the risk of adding to already-bloated inventories.
"The market will be better than last year because of the macro environment's support. There's more confidence in the market," said Ada Wong, vice-president of Guangzhou-based China Aoyuan Property Group. "Home prices usually rise 3-5 per cent annually, so we may see such a rebound in first- and second-tier cities in 2015."
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