China Economy

Vanke sees more price falls for China property

David Llewellyn-Smith
Thursday, 16 October 2014
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But better sales! From Forexlive:

China Securities Journal (via MNI) reports:

  • China Vanke, the country’s largest property developer, said it expects sales to rebound in Q4
  • Prices will soften further
  • Said the central bank’s recent move to ease mortgage policies will change market expectations and help sales
  • Expects more developers to offer bigger price cuts in Q4
  • The increase in house prices last year was overdone and a correction is needed
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.