China’s Housing Rebound Fades Fast in Big Cities After Stimulus

While a dearth of official statistics makes it difficult to gain a comprehensive view, checks by industry watchers suggest that the rebound is fading in tier-1 cities.

The sputtering recovery underscores China’s struggle to arrest a record housing-market slump that’s stifling economic growth and worsening a debt crisis among developers. After the central government greenlit plans to cut the floor of the downpayment ratio on Aug. 31, the country’s four biggest cities all quickly rolled out easing measures.

To be sure, the easing may take time to show its effect as sentiment gradually warms up, Liu said. Even after the initial sales spike tapered off, homebuyer visits were still about 20% to 30% higher than periods before the supportive measures, he added.

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