Yesterday we hosted our 10th Annual China Property Outlook event (virtual this time) by Real Estate Foresight, with around 60 participants between Asia, Europe, and the US. The results of the annual "Draw The Line" forecasts are also in.
These were optional and anonymous, where participants could draw their forecast line for the next year for a very specific metric (NBS residential 12M sales GFA volumes growth vs prior 12M) and we grouped these into one chart - see below. As in the past years, it demonstrates a wide range of views. The median end-year figure was -6.5% and the average -4.9%, compared to the latest actual of -5.3% for Jan-Feb period.
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