China's Property Market Uncertainty Deepens

Unprecedented Delay in Chinas Property Sales Data: A Sign of Deepening CrisisTwo major Chinese data agencies failed to release November home sales data, adding to market uncertainty. This comes as state-backed developer China Vanke seeks bond repayment extension, fueling concerns about the sectors financial stability. Global banks predict a two-year decline in home prices, with used home values already dropping by over one-third in major cities. Fitch Ratings warns of a potential 15-20% drop in new home sales, indicating continued high levels of property-related bad debt for banks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.