Property News · December 6, 2017

Number of Chinese property developers seen shrinking drastically in 3 to 5 years


The number of property developers in China could fall from around 30,000 to only the single-digit thousands or even hundreds in the next three to five years as the country’s red-hot market cools, according to Swiss bank UBS Group.
A series of government policies to contain property prices in recent years has started to have an effect, with all key property statistics, including sales, prices and land supply in cities showing a slowdown since June, Hu Yifan, chief China economist at UBS,…

Source : South China Morning Post
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