Timely for Singapore groups to capture property opportunities in China
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CHINA’S real estate sector appears to be teetering. Debt-laden developers such as China Evergrande Group have been grappling with liquidity problems as financing dries up.
With lockdowns, home buyer confidence is rattled and agents are unable to get potential buyers to visit show flats and close deals. Construction of projects stall, with project completions delayed.
New home sales in 23 major cities tracked by China Real Estate Information fell 33 per cent by area during the 5-day national holiday in May compared with a year earlier. Combined sales of homes by the top 100 developers has halved in the first four months of 2022.
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