CORONAVIRUS HITS CHINA’S INFLATION AND REAL ESTATE

Highlights

• Sales of new apartment dropped by 90% 
• The resale market was also adversely affected

The impact of the coronavirus on the Chinese Economy has been detrimental. January observed inflation surge. In the first week of February, home sales plunged. In 2020, the GDP growth is expected to be 1 percentage point lower.

For Chinese real estate, the February first....