China real estate index system
After years of booming growth, China’s real estate sector, a major pillar of the world’s second-largest economy, is wobbling. The fundamentals of China’s real estate market will face “a year of recession” in 2019, China International Capital Corp. (CICC) said Monday in a research report. Real estate investment funds from Europe and America and real estate developers from Singapore, Hong Kong, and Malaysia constituted a series of luxury high-end residential and urban landmarks in China. We anticipated that mature and high-quality property operation concepts will enrich the retail sector and promote market prosperity. China’s Real Estate Market Chang Liu* and Wei Xiong** The real estate market is not only a key part of the Chinese economy but also an integral component of China’s financial system. In 2017, housing sales totaled 13.37 trillion RMB, equivalent to 16.4% of China’s GDP. The real estate market is also deeply connected to China’s