New home prices in China have been growing at a slower pace amid broader government measures to curb speculative buying.
Howard Wang, head of Greater China equities at J.P. Morgan Asset Management, said signs are now pointing to better times ahead for the Chinese property sector, at least in the short term.HSBC, said in a report last week, said it sees "more upside for China property stocks" this yearVCG | Visual China Group | Getty Imageshave been growing at a slower pace — but a portfolio manager at J.P.
"China goes through these mini cycles in property, and the mini cycles usually have something to do with the way government policies are working ... and it looks to us in the last couple of months that that policy is again loosening a bit," said Howard Wang, head of Greater China equities at the investment giant.
But Wang said signs are now pointing to better times ahead for the Chinese property sector, at least in the short term. "When you think holistically about China, a lot of people still need to upgrade their properties, a lot of people still need to move closer to work, move from smaller cities to bigger cities. So all kinds of macro trends are in place," he explained.
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