China's Home Sales Could Continue to Fall in 2025 -- Market Talk

Dow Jones

01-02

0407 GMT - China's property sector is likely to underpeform on a policy vacuum until the National People's Congress in March, as well as slow local policy execution, among other reasons, Citi analysts say in a research note. The bank forecasts the 35 listed Chinese property developers to post a 23% decline in 2025 sales. China's policy support is headed in the right direction, but it will take time to execute, the Citi analysts add. The 35 developers' December home sales data was stronger than expected, marking a second month of on-year growth in 2024, they say. The developers, which make up 70% of China's property market, saw housing sales slide 30% in 2024, with sales at state-owned enterprises falling significantly less than non-SOEs, Citi says. The bank's top picks are KE Holdings, China Resources Land and Greentown China Holdings. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

January 01, 2025 23:07 ET (04:07 GMT)

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The bank forecasts the 35 listed Chinese property developers to post a 23% decline in 2025 sales. China's policy support is headed in the right direction, but it will take time to execute, the Citi analysts add. The 35 developers' December home sales data was stronger than expected, marking a second month of on-year growth in 2024, they say. The developers, which make up 70% of China's property market, saw housing sales slide 30% in 2024, with sales at state-owned enterprises falling significantly less than non-SOEs, Citi says. The bank's top picks are KE Holdings, China Resources Land and Greentown China Holdings. 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The bank forecasts the 35 listed Chinese property developers to post a 23% decline in 2025 sales. China's policy support is headed in the right direction, but it will take time to execute, the Citi analysts add. The 35 developers' December home sales data was stronger than expected, marking a second month of on-year growth in 2024, they say. The developers, which make up 70% of China's property market, saw housing sales slide 30% in 2024, with sales at state-owned enterprises falling significantly less than non-SOEs, Citi says. The bank's top picks are KE Holdings, China Resources Land and Greentown China Holdings. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 01, 2025 23:07 ET (04:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03900","symbol_name":"绿城中国","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2500993185","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500993185","pubTimestamp":1735790820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0407 GMT - China's property sector is likely to underpeform on a policy vacuum until the National People's Congress in March, as well as slow local policy execution, among other reasons, Citi analysts say in a research note. The bank forecasts the 35 listed Chinese property developers to post a 23% decline in 2025 sales. China's policy support is headed in the right direction, but it will take time to execute, the Citi analysts add. The 35 developers' December home sales data was stronger than expected, marking a second month of on-year growth in 2024, they say. The developers, which make up 70% of China's property market, saw housing sales slide 30% in 2024, with sales at state-owned enterprises falling significantly less than non-SOEs, Citi says. The bank's top picks are KE Holdings, China Resources Land and Greentown China Holdings. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"03900":"绿城中国","BEKE":"贝壳","CFA.SI":"NikkoAM-STC Asia REIT","01109":"华润置地","HBCP":"Home合众银行"},"translate_title":"2025年中国房屋销售可能继续下降——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1,"HBCP":1,"01109":0.9,"03900":0.9,"BEKE":0.9},"content_text":"0407 GMT - China's property sector is likely to underpeform on a policy vacuum until the National People's Congress in March, as well as slow local policy execution, among other reasons, Citi analysts say in a research note. The bank forecasts the 35 listed Chinese property developers to post a 23% decline in 2025 sales. China's policy support is headed in the right direction, but it will take time to execute, the Citi analysts add. The 35 developers' December home sales data was stronger than expected, marking a second month of on-year growth in 2024, they say. The developers, which make up 70% of China's property market, saw housing sales slide 30% in 2024, with sales at state-owned enterprises falling significantly less than non-SOEs, Citi says. The bank's top picks are KE Holdings, China Resources Land and Greentown China Holdings. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 01, 2025 23:07 ET (04:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}