News Snapshot:
Despite GDP growth slowing to 4.9% y-o-y in Q3 2021, China’s commercial real estate (CRE) market continues to see a robust cyclical recovery, according to CBRE China GDP Brief Q3 2021 report. CBRE is of the view that China is set to embark on a new growth cycle in commercial real estate market, backed by robust third quarter data and strong cyclical signals observed by CBRE in the market. ”The people’s Bank of China’s (PBoC) recent announcement defining the Evergrande situation as ‘controllable’ have bolstered market confidence, while the deleveraging policy is set to put the property market on a...
