China's property sector in decline

This page hosts our key research on China's property sector. It explains our views on the latest policy interventions and whether they will succeed in the near-term in supporting sales and activity. But it also explains why the outlook for the sector will ultimately be determined by a set of formidable structural forces. We have cautioned clients since 2017 that the property sector had reached a turning point and that demand for new housing was likely to halve by 2030.

China's property sector in decline

Homebuilding downturn will continue for years

China Weekly: Private sector support, property prices

More support for developers, while marriages plunge

Baby steps to support housing won’t drive a turnaround

Property stimulus: announced measures still fall short

Officials ease price controls, mull direct homebuying

How to fix China’s property destocking scheme

What would an end to the property crisis look like?

Property support, imbalances growing, tariff retaliation

Destocking could offer a short-run fix to property woes

Property construction correction has barely begun

Still unbalanced, still unsustainable

Property rescue efforts intensify

State taking a bigger role in homebuilding

Industry no offset for slump in property credit demand

A major step-up in support

Country Garden is Evergrande-lite but worse-timed

How many global risks lie in China's Country Garden

China’s property sector is increasingly state-led

China’s weakness due to further slide in trend growth

More policy action needed to revive property sector

Peak homebuilding

A property tax could make up for fewer land sales

Where might markets be wrong about Evergrande?

Property crunch will be followed by lasting decline

Evergrande circling the plughole

China Property Handbook