RICS Global RE Weekly: Chinese Money Boost to Support Ongoing Investment
HONG KONG, Nov. 6 /PRNewswire-Asia/ -- Several pieces of key economic data
pertinent to the Chinese property market are released next week. Chinese
retail sales, industrial production and producer price inflation data are all
released on Wednesday 11th. Also on the same day, the latest update on fixed
asset investment is due which provides a year to date figure on growth in
urban investment spending.
Korean rates to remain on hold for a little longer
The Bank of Korea meets again on Thursday 12th against a backdrop of
continued speculation about the possibility that it will soon begin to unwind
the monetary stimulus that has helped support the economy over the past year.
On the real estate front, data published by the country's largest lender
Kookmin Bank show that house prices have now risen for seven consecutive
months with a 0.4% gain being recorded in October.
Canadian housing market recovery continues
A comprehensive update on the Canadian property market is due next week
with the release of data on housing starts for October on Monday 9th followed
by the latest house price index on Thursday 12th. Canadian housing starts fell
by 4% in September, following a 13% jump in August. But over the last three
months, housing starts were 16% higher than the three months before that.
German construction sector still under pressure
The German construction PMI Survey for October was released on Thursday
5th. The headline index came in at 43.4. This is the lowest reading in four
months and indicates that overall output in the sector contracted (50 is
neutral from a growth perspective).
