In addition, FT Alphaville highlighted a research report by Standard Chartered that concluded that Chinese property market is turning around,
In fact, they say, sales are picking up so much — and unit completion has been so slow — that inventory depletion could be a problem in the second half of 2013, at least in the top-tiered cities.
Meanwhile, land sales are holding steady and possibly rising (the local governments will be relieved), and financing appears to be easier:
My inner bull is breathing a sigh of relief. These developments are suggestive of a nascent turnaround in the Chinese economy.
Cam Hui is a portfolio manager at Qwest Investment Fund Management Ltd. ("Qwest"). This article is prepared by Mr. Hui as an outside business activity. As such, Qwest does not review or approve materials presented herein. The opinions and any recommendations expressed in this blog are those of the author and do not reflect the opinions or recommendations of Qwest.
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