Too early to conclude China’s real estate sector has bottomed out, Nomura’s chief China economist Lu Ting says.
Lived-in home sales in some of China’s largest cities are picking up, but prices remain subdued, with Japanese investment bank Nomura noting that the property crisis weighing on the economy for nearly four years is far from over.
In Shenzhen, a total of 2,390 second-hand homes changed hands last week, the most in more than three years, according to data compiled by the Shenzhen Real Estate Intermediary Association.
