China’s housing market is still plagued by excess supply of used homes as desperate owners look to cash out amid an economic gloom. Prices may need to drop further, with buyers waiting for bigger discounts, analysts say.
Property markets in China’s Greater Bay Area will see an uptick in 2024, as businesses and communities find synergies within the 11-city economic powerhouse, which has a GDP of US$2 trillion and a population of 86 million.