China's residential market stable in 2017 but regulatory risk high, says Moody's

Singapore

CHINA'S residential property market is expected to be stable in 2017 but regulatory risk remains high in light of the rapid growth in property and land prices, said Moody's Investors Service in its research report.

Kaven Tsang, a Moody's vice-president and senior credit officer said the rating agency expects growth in nationwide contracted sales - in terms of sales value - to be flat or slightly negative next year, against a high base of contracted sales value this year.