Chinese Academy of Social Sciences: Real Estate Market to Consolidate in 2018

SHANGHAI, Dec.6 (SMM)－According to report from Chinese Academy of Social Sciences, China’s real estate market will move into a stage of consolidation in 2018, with a steady drop in house price and distinct drop in increase of commercial housing sales, Housing inventory will decline further. Ni Pengfei, director of City and Competiveness Center, says with current high overall debt ratio of housing companies and greater pressure of intensive capital cashing, drastic fluctuation of real estate market will affect capital chain safety of companies, thus affecting financing institutions. Hence regulation should be reinforced for capital investment to promote housing companies to lower capital ratio of high leverage. (Economic Information Daily)

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