Residential Property Sector - 9M2023 Update

Research date: 20/11/2023
This is an abstract of the Research Reports. Please click 'View Online' or 'Download' to access the full report
Listed residential property developers’ profitability plunged in 9M2023 amid market downturn. Debt coverage capacity remains weak due to deteriorating cash flow driven by weak pre-sales. We expect developers’ performance in 2023 will diminish notably compared to 2022 before gradually recovering in 2H2024, as the government support measures come into effect.
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