Watch The PSL Figures – From China Property for December 2020

Just published Real Estate Foresight’s final piece for clients in 2020, the monthly China Property report.

If you monitor the China property sector – keep an eye on the Pledged Supplementary Lending (PSL) figures from PBoC (top chart below) linked to shantytown renovation schemes and cash compensation for relocations that has been supporting volumes, in addition to the Three Red Lines impact on developers, and lately tighter rules on pre-sales supervision (over 90% of resi sales are pre-sales in China).

For the housing markets metrics, no surprise vs what we expected back in early February.