Chinese Developers Focused on Luxury Projects Likely to Outperform -- Market Talk

Dow Jones
09/04

1025 GMT - Stocks of Chinese developers focusing on luxury and high-quality projects with active land purchases could outperform, Citi analysts say in a note. Citi is positive on China's top 10 cities, which showed signs of recovery in 1H, while nationwide home sales could take more than two years to rebound and are likely to remain volatile. Home sales in the top 10 cities rose 4% on year in 1H, and 82% of land purchases were concentrated there, they note. Recurring profits from rentals and services may become a key focus for developers going forward, they say. Citi's preferred names include China Jinmao Holdings Group, C&D International Investment Group and China Resources Land. (sherry.qin@wsj.com)

 

(END) Dow Jones Newswires

September 04, 2025 06:25 ET (10:25 GMT)

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