Foreign Investors Wary of China Developers Despite More Support, Analysts Say

International investors remain cautious on China’s real estate stocks due to low market confidence and weak demand that is set to persist despite additional government support to alleviate a liquidity crunch, analysts at investment banks including JPMorgan Chase & Co. say.

There is unlikely to be a year-on-year increase in housing sales until at least the second quarter of 2023, JPMorgan analysts wrote in a report that included a poll of over 100 investors from markets such as the U.S., Canada and Hong Kong.