BFM 89.9
The Business Station
BFM 89.9
The Business Station
Is The China/HK Property In A Long Term Structural Decline?
Is The China/HK Property In A Long Term Structural Decline?
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43 mins
Guest: Bernard Aw, Economist for Asia Pacific, Coface
The China property market appears to be in a perfect storm. Monthly National sales decline continued to decline by 15.3% year-on-year in September 2022, narrowing from a 20.8% year-on-year decline in August. Developers' liquidity will also remain under pressure. But the Chinese government introduced new stimulus measures in late September to encourage homebuyers to purchase new properties. Will this be enough to lift near term sentiment or is the sector spiralling into a long term structural decline? For answers, we speak to Bernard Aw, Economist for Asia Pacific, Coface.
Image credit: Shutterstock
Presenter: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San
Producer: Chong Tjen San
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