23 February 2019

Housing inventory in key cities hits 5-year high, paper says

Commodity housing inventory in 20 monitored cities rose to 84.01 square meters at the end of March, a five-year high. The figure is up 2 percent from February and 16.3 percent higher than in the previous year, Economic Information Daily reported Friday. Developers increased supply, further driving up inventory amid a slower than expected recovery in the property market. They are expected to rein in inventory in the second quarter, the report said, citing unnamed analysts.

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