Property News · October 20, 2016

As China’s house prices continue to boom, real estate investment remains mysteriously weak


China’s surging property prices might not add up to a major boon for the economy, as construction starts and other forms of investment have been relatively subdued, leaving the wider economy bereft of a major driver, according to Swiss bank UBS.
“The growth in new construction starts is much slower than property sales,” said Wang Tao, chief China economist at UBS. “It shows developers take a cautious outlook and are trying hard to clear existing projects, on the other…

Source : South China Morning Post
Read more…As China’s house prices continue to boom, real estate investment remains mysteriously weak

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