Hard landing for China’s real estate sector unlikely – CBRE

A collapse of the real estate sector in China is unlikely despite concerns of overheating credit and an overall cooling of the economy, due to continuing strong domestic demand for property, global real estate consultant CBRE Group said in a report last week.

Citing government statistics, CBRE pointed out that the real estate sector accounted for 8 percent of GDP growth in the third quarter, while related sectors such as steel and concrete production showed further signs of recovery and helped to offset declining foreign trade figures.