Ya Ho agency Guo Yi, director of marketing for the surging news that the continuing depreciation of the renminbi will make foreign investors to sell yuan-denominated assets more substantial outflow of funds. In terms of the impact of the property market, the limited impact of first-tier cities, as cities belonging to a net inflow of urban population, incremental population to support the purchase of consumer-tier cities.iFeng: 人民币持续贬值影响楼市 利空三四线城市房地产
But the larger impact is on third- and fourth-tier cities real estate market, bad local property market. Population exodus from third- and fourth-tier cities is clear, the property market is facing a big problem inventory pressure, driven by the depreciation of the renminbi and depreciation of assets, making further capital outflows, capital flows to first-tier cities or overseas, this will result in a vicious cycle.
CapitaLand Ascott Trust Q1 Gross Profit Up 15% on More Demand, Bigger
Portfolio
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CapitaLand Ascott Trust achieved a 15 percent increase in gross profit
during the first quarter of this year, compared with the same period in
2023, with...
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