Global Macro Chart of the Day

UBS analysis highlights China's structural shift away from the pre-sale housing model, with pre-sales dropping from 90% of transactions in 2020 to 67% by late 2025. This transition, while creating cash-flow challenges for developers, is intended to stabilize the market and reduce delivery risks.

Key Takeaways

• 1.China is transitioning away from a pre-sale housing model, which previously accounted for over 90% of transactions.
• 2.Housing demand recovery is uneven, with Tier-1 cities showing a clear rebound while Tier-3 markets continue to deteriorate.

Table of Contents

• The 22nd edition of our China Housing Survey is out

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