=MARKET BUZZ: Trade War Seen Positive For Chinese Developers - UBS
HONG KONG (May 14) -- The US-China trade war could prove positive for mainland developers as Beijing may relax property curbs to boost economy, an analyst at UBS says. “What follows should be a turnaround,” says John Lam, head of Hong Kong and China real estate research at UBS, referring to recent moves to reign in surging land and property prices. He sees first-and second-tier cities relaxing property control measures, while third-and fourth-tier cities may implement more supportive policies, including increasing scale for shantytown redevelopment. Mainland developers China Evergrande and China Vanke off 1.8% each, while Country Garden Holdings slides 3.5%; Hang Seng Index off 1.7%.
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