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business1d ago
China Tells Stats Providers to Halt Home Sales Data Publication
Bloomberg.com and 1 more
- Private data providers did not release November home sales for the top 100 developers as instructed by Chinese housing authorities.
- The agencies typically release data at month’s end, but authorities paused publication until further notice.
- Finance institutions keep access to the data under confidentiality arrangements while publication is paused.
- The pause follows China Vanke’s local-bond repayment postponement, signaling sector stress.
- Analysts warn the November data could show steeper declines in new-home sales.
- The private datasets usually precede official figures by two to three weeks and serve as gauge for the market.
- Market watchers remain pessimistic about property-sector stability amid ongoing defaults and price pressures.
- China Index Academy and China Real Estate Information Corp. did not comment when contacted.
- The story underscores the data-transparency debate in China’s real estate sector.
- The news comes as markets monitor sector-linked bonds and developer earnings amid a tough year.
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