Though less affected than the manufacturing or trade sector, #realestate sector in China would nonetheless see changes after the #COVID19 crisis. According to Zhong Wei, #novelcoronavirus could have 8 Impacts of on China’s housing market:
cf40.org.cn/uploads/202003…
1⃣Policies concerning real estate will not go through major adjustments because of the epidemic. Even under adjusted short-term macroeconomic stimulus policies, the real estate sector will not be the main beneficiary.
2⃣The market demand for real estate is still there, only delayed. Winter is not the peak time for delivering real estate construction projects, nor is it a peak selling season.
3️⃣ The renewal of old residential communities may become a particularly interesting topic.After the epidemic,government may launch some major projects to ensure the achievement of such goals as securing decisive victory in building a moderately prosperous society in all respects.
4️⃣ Real estate-related companies may undergo alterations in their governance and management. Real estate developers pay more attention to maximizing company value and shareholder value.
5️⃣ Real estate companies must reconsider the need to launch REITS for their investment properties. Due to the impact of the epidemic, the income of investment properties, including office buildings and shopping malls, is limited.
6️⃣ The popularity of green, medium and low density residential properties, as well as second homes will increase.
7️⃣ Policy may become more lenient with homebuyers demanding for upgrades.
8️⃣ The layout of the real estate industry in China might be skewed toward the southeast coastal regions, that is, geographical parts east of the Beijing-Guangzhou railway and south of the Yangtze River.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.