Media conjecture on Golden Week real estate sales continues with a less posistive tone (with the help of Investing in Chinese Stocks):
- Beijing Golden Week Sales Down 40%, In Line With 2014 Drop. Inventory at a 30-month high, but the media is at least dubbing this “stabilization.” From iFeng: 北京楼市国庆成交降四成 商品住宅库存再创新高
- Beijing Golden Week: One New Project, Buyers Tepid. With only one new project hitting the market during the national holiday, some might expect many new buyers to show up, but there was no “panic buying.” Also iFeng: 黄金周北京唯一开盘项目未现“抢房”现象
- Banks Won’t Profit Offering More Than a 15% Mortgage Discount This article says 15% is probably the limit for banks in terms of mortgage discounts, and mortgage backed securities (MBS) are a long-term solution to mortgage credit limits. From 21st Century Business Herald: 负债成本制约利率打折 MBS料成银行加大房贷投放重要手段
- Lots of thunder, little rain. Announced loosening of mortgages so far having little effect, and won’t with quotas allocated to mortgages. From JC Economic Information: 新华通讯社主管 经济参考报社主办
- Golden Week sales beat expectations. Which may not say much! From Yicai: 黄金周保利地产“进账”70亿 部分房企欲上调年度指标
Jury still out but stabilisation appears the best case.
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