Chinese Dragon Boat holiday property sales sink

Tuesday 4 July 2023

I do love the smell of a burning Dragon Boat in the morning:

Sales volumes are still up year-to-date but are fading fast, led lower by the lost ghost cities of the west, comprising three-quarters of floor area:

Sales growth, and rising completions, are still unable to reduce inventory:

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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.