Nomura analysts said they believed sentiment towards the property development sector "should see notable lift due to the continued introduction of policy easing by the central government in the past one month."
Reviving property demand would be challenging under the "the recent worsening COVID-19 situation and protests in major Chinese cities, as well as the weakening housing price trends", the Nomura analysts wrote. Yuan-denominated bonds issued by Chinese developers CIFI Group , Guangzhou Times Holdings , Country Garden rocketed between 20% and 50% each on Tuesday.
Not optimistic
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