If the results from Vanke (A Chinese property developer) are indicative of the entire nation, home sales are declining rapidly. The property developers can hold on for a while but eventually their pipeline of developments are going to cause some 'indigestion' and they will be forced to cut prices, reduce the pace of new home construction, or a mixture of both. This bears watching in the future.
From
China Daily:
China Vanke Co, the country's largest property developer by market value, announced on Sunday that its sales revenue in May decreased 20.2 percent from a year earlier amid the government's tightening moves.
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