China Property Signals (#40): The 5-Year 'Downiversary' In One Infographic

About this Newsletter: Get a quick but more granular view of (still) one of the most important sectors in China, with the weekly chart and commentary from Real Estate Foresight (REF) - drawing on 14+ years of REF's research on China housing markets.

September marks five years of the China housing market downturn. In 2021, stock prices began to fall earlier, and bond prices started taking a hit mid-year, but the downturn escalated with Evergrande in September 2021.

Our Infographic, "The 5-Year Downiversary, Or The Grand Transformation Of The Market", lays out where we are on major metrics today vs 2021, but also how the structure, definition, and macro-role of the housing market in China are fundamentally changing: