China: Guangzhou cuts unsold homes inventory, but commercial property levels remain high

City has 8.4 months worth of excess domestic space, and 16 months worth of commercial oversupply Guangzhou, China’s fourth largest city, has seen its housing inventory reduced to 8.4 months worth of sales, amid a nationwide effort to clear unsold properties, but a significant oversupply remains of commercial properties. Read more on: www.scmp.com
Source : China: Guangzhou cuts unsold homes inventory, but commercial property levels remain high