China’s property slump will be worse than expected
By CNBC
February 9, 2026, 6:58 AM EST
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BEIJING — S&P Global Ratings has revised its forecast for China property sales, projecting a 10% to 14% drop in primary real estate sales this year. The ongoing oversupply of housing is putting pressure on prices, exacerbating the country’s property market woes. The government may need to step in to address the situation.
