Property News · November 22, 2016

‘The party may be over’ for Chinese developers, but home prices to remain stable, says S&P


The Chinese government’s successive cooling measures since the end of September are likely to put an end to the phenomenal sales growth of property developers, while refinancing risks will escalate from 2018 onwards, S&P Global Ratings said on Tuesday.
In a report titled “The party may be over for developers”, the global credit rating agency expects contracted sales value to slide by 5 to 10 per cent in 2017, a reversal from 20 per cent growth it forecasts for 2016, as…

Source : South China Morning Post
Read more…‘The party may be over’ for Chinese developers, but home prices to remain stable, says S&P

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