- Shanghai became the first city to post positive year-on-year growth in secondary home prices in September, rising 0.8%, according to the National Bureau of Statistics.
- Citi sees 2027 as a pivotal year for home price recovery in Beijing, Shanghai and Shenzhen, and says Chinese home prices hit their lowest point in June 2024.
- Goldman Sachs and Citi expect China's housing sector to pivot as soon as 2027, citing shrinking supply and robust National Day holiday sales.
- Citi says most tier-two cities are likely to lag the recovery in top-city home prices.
Quotes
“While we need further confirmation before declaring a sustained recovery, the evidence increasingly points to stabilising and potentially rising home prices in top cities, with most tier-two cities likely to lag”