China Property & Property Management_2025 outlook_ destocking to persist
China Securities·2025-01-10 02:26
ab 6 January 2025 Global Research China Property & Property Management 2025 outlook: destocking to persist Five themes in 2025 We expect some trends from 2024 to continue into 2025, including: 1) existing homes' share gains from new homes; 2) rental market's rising importance; 3) luxury malls' persistent challenges; 4) C-REITs: a rising asset class on lower rates; and 5) diminishing policy impact on physical and stock markets. In 2025, we expect declining trends in the residential new homes market with 10% ...