Fitch Ratings says in a new report that average selling prices and floor areas sold in China's property market have continued to decline in the beginning of 2015.
With the weaker property market and the financial woes of Kaisa Group Holdings Ltd, Chinese property developers have sharply reduced their offshore bond issues in January and February 2015 compared with a year earlier.
The new report, titled "China Property Monthly Watch", is the first in a series that will provide updates of China's residential property market, including contracted sales, gross floor area sold, price changes in major cities, as well as trends in real estate investments and land transactions. The report also highlights any policy changes and presents a summary of rating actions, key issuers' contracted sales, and offshore bond issuances.
The full report "China Property Monthly Watch - March 2015" is available at www.fitchratings.com
