Chart of the Day: China’s Vanishing Property Glut

The total area of China’s unsold properties, which include residential, office and commercial buildings, dipped to 539 million square meters (5.8 billion square feet) at the end of August, according to data (link in Chinese) released Friday by the National Bureau of Statistics. Property inventories in China have generally been falling since the beginning of 2016.
The latest data suggest that real estate developers have effectively reduced their stocks, said Zhong Zhengsheng, director of macroeconomic analysis with consultancy CEBM Group, a subsidiary of Caixin Insight Group, in a blog post (link in Chinese).
Contact reporter Lin Jinbing (jinbinglin@caixin.com)
- 1Cover Story: Trade War Deepens as U.S. and China Open New Fronts at Sea and in Silicon
- 2Caixin Explains: What China’s New Five-Year Plan Says About the Economy
- 3Beijing Fast-Tracks $42 Billion Through Policy Banks to Revive Growth
- 4Interview: HKMA’s Fintech Chief on Forging Hong Kong’s Digital Asset Future
- 5Update: China’s Quarterly GDP Growth Slows to 4.8% as Weak Consumption Weighs
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas





