0241 GMT - The outlook for China's primary property market remains challenging in 2025, Daiwa analyst William Wu says in a research note. The property market may continue to face downside risks for new home sales and prices in 2025, although sales and prices in high-tier cities are likely to bottom out this year, the analyst notes. Wu believes that China's property stimulus measures, which are focused on destocking, will likely have limited impact in 1H. He sees a possibility that the government will shift its approach with a new set of stimulus measures in 2H. Daiwa suggests investors stick to leading state-owned developers, with China Resources Land and China Overseas Land & Investment as their top picks. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 21:41 ET (02:41 GMT)
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