From China Property Report – August 2019

Some charts highlights from the latest monthly China Property report by Real Estate Foresight covering the latest signals from the housing markets. The charts below: i) the PSL (Pledged Supplementary Lending) outstanding loans decline for the third consecutive month; the PSL scheme – where PBoC lends to policy banks who lend to local governments to fund shantytown renovation projects – had been contributing to stronger national new home sales figures; ii) land acquisitions by developers decline – reflecting sentiment but also reducing future supply, compare that to the pattern from 2014-2015…