Factors including urbanization and changing policies could underpin demand for China's residential real estate, said Linan Liu of Deutsche Bank.
China's residential properties have seen strong demand, and there are three factors driving it, according to Deutsche Bank's Linan Liu.new home prices in May rose 4.9% from a year ago, compared to a 4.8% increase in April.
Property investment has been "fairly strong," while manufacturing and infrastructure investment have been below expectations, said Liu, head of Greater China macro strategy at the bank. Farmers till the soil of a vegetable plot in front of residential buildings on the outskirts of Shanghai, China, on Sunday, March 14, 2021."We expect the ratio to rise over the next five years towards 70% or 75%," she said. "I think the urbanization drive will continue to support property sector demand.
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