Property News · July 5, 2020

As coronavirus fades in China, homebuyers are stampeding back in, boosting the outlook for developers’ stocks


China’s home sales continue to rebound, sending developers’ stocks soaring on Thursday and Friday and prompting analysts to urge investors to take a fresh look at the sector now that the country appears to have put the worst of the coronavirus pandemic firmly behind it. Data from China Real Estate Information Corporation (CRIC) earlier this week showed 30 major developers tracked by Jefferies beating market expectations for home sales in June, posting on average a 18 per cent jump year-on-year…

Source : South China Morning Post
Read more…As coronavirus fades in China, homebuyers are stampeding back in, boosting the outlook for developers’ stocks