It’s been quite a while since I have updated you on the Chinese housing bubble. Here is the latest from a pair of excellent articles on the subject matter.
Bloomberg: Is China’s Housing Bubble Beginning to Burst?
Earlier this month, financial analysts from Japan-based Nomura Group (NMR) issued a grim report on China’s housing market: “To us, it is no longer a question of ‘if’ but rather ‘how severe’ the property market correction will be,” the report read.
I would agree with the assessment. Further, with the US Economic recession of 2014-2017 just around the corner, worldwide tightening and a massive credit/shadow banking problem in China, I highly doubt that China can engineer any sort of a “soft landing”.
Global Times: Fujian said to be easing home restrictions
Since March, 20 property developers in Guangzhou have been offering “zero down-payments” to attract buyers, in addition to large discounts and tax refund, the National Business Daily reported Monday.
Now that developers can’t even get rid of their inventory by giving it away for FREE, the end is truly near. The only question is, how massive will the implosion be and to what an extent it will impact the overall Chinese economy.
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