Key Points
- China’s sweeping moves on Friday to increase support for real estate will take time to show results, analysts said.
- For real estate to see significant stabilization, homebuyers’ demand and confidence will need to improve after a market downturn of nearly three years, Edward Chan, director, corporate ratings, S&P Global Ratings, said during the firm’s webinar on Monday.
- S&P is still sticking to its base case from earlier in the month that China’s property market is likely still “searching for a bottom,” he said.
