Moody’s Predicts China Home Sales to Dip in Second Half of 2018
(Beijing) — Residential property sales will dip in the second half of next year due to prolonged government property restrictions, further straining Chinese property developers, credit ratings firm Moody’s predicted in a report.
“National contracted sales — measured on a 12-month average basis — will likely fall by up to 5% for the second half of 2018, following an estimated growth of 7% to 10% for the full year 2017,” said Kaven Tsang, a Moody’s vice president and senior credit officer.
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