22 February 2019

Beijing new-home inventory below 60,000 units, paper says

Inventory of newly-built homes in Beijing has fallen to below 60,000 units as of Jan. 12 as supply remains weak at the beginning of the year, China Securities Journal reported Tuesday, citing industry data. Property developers have slowed down project launches on expectations that home prices will rise further later, it said. Meanwhile, seasonal factors amid the upcoming spring festival are also curbing inventory, the paper quoted analysts as saying.

– Contact HKEJ at [email protected]



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