realestate

China's Home Sale Data Disappears Amid Vanke Crisis

China Real Estate Info Corp. & China Index Academy, private data firms, withheld November sales of 100 largest developers.

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loomberg reports that China Real Estate Information Corp. and China Index Academy, two leading private property data firms, have been ordered by the housing bureau to suspend the release of November’s home‑sales figures for the country’s top 100 developers. The agencies normally publish the data on the last day of each month, but the directive will keep the numbers off‑line until further notice. Paying clients will still receive the data. The ministry has yet to comment.

    The delay follows a broader slump, highlighted by Vanke Co.’s first request to defer repayment of a local bond last week, underscoring distress among developers such as Evergrande and Country Garden after years of falling sales and defaults. Bloomberg Intelligence analyst Kristy Hung warned that withholding the data could heighten uncertainty, noting that November’s figures are likely to show sharper declines than October’s 41.9% year‑over‑year drop among the top 100 builders.

    Private data sets are key indicators, released two to three weeks before official figures, which appear in the third week of each month. Analysts expect November’s numbers to be compared against a high base set by last year’s stimulus push. Global banks remain bearish; UBS forecasts continued price falls for at least two more years and reports that used‑home values have fallen over a third from their peaks in major cities.

China's home sales data vanishes amid Vanke crisis.