BUSINESS China's real estate financing warms up in June

BUSINESS

China's real estate financing warms up in June

Xinhua

17:35, July 08, 2020

Potential homebuyers look at property models in Nantong, Jiangsu province. (Photo: Xu Jinbai/China Daily)

BEIJING - China's real estate financing has seen great expansion last month, while pressure still exists in the second half of this year, analysts said.

In June, financing by Chinese property developers surged 66.2 percent month on month with the unleashing of pent-up demand, according to CRIC, a property research institution.

The figure was second only to that in January and represented year-on-year growth of 32.6 percent.

Real estate developers have seen the financing pressure eased in the short term because of the lower credit and domestic bond issuance cost, said Chen Mengmeng, a researcher of Shanghai-based real estate consultant firm Tospur.

However, China's property firms may still face certain financing strain in H2 due to potential tightening in market liquidity and pressure from debt repayment, noted the research institute of online housing platform Beike.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue