Buildings and skyscrapers in Jing’an district on October 18, 2018 in Shanghai, China.
VCG | Visible China Group | Getty Pictures
Dwelling costs in China have been rising at a slower tempo — however a portfolio supervisor at J.P. Morgan Asset Administration mentioned it is time for buyers to be extra excited concerning the Chinese language property sector.
“China goes by way of these mini cycles in property, and the mini cycles often have one thing to do with the best way authorities insurance policies are working … and it seems to us within the final couple of months that that coverage is once more loosening a bit,” mentioned Howard Wang, head of Better China equities on the funding big.
“I truly suppose that now’s the time to get extra enthusiastic about China property,” he instructed CNBC’s “Street Signs Asia” on Thursday.
Wang’s feedback got here as China’s Bureau of Statistics mentioned on Thursday that new residence costs grew at their weakest tempo in 17 months in December, Reuters reported. Such a slowdown has come amid broader authorities measures to curb…