Part 2/7:
Lamb, known for his accurate assessments in the past, has shifted his previously bearish outlook and now sees indicators suggesting a quicker economic rebound. Factors contributing to this include a rise in second-hand home transactions, increased land sales, and a more stable inventory of homes for sale. These patterns echo trends witnessed during China's previous real estate recovery between 2014 and 2015.
Despite this optimistic outlook, Lamb warns of a "polarized" property market, suggesting that developers in affluent tier-one cities may outperform regional players on a national scale. A marked dichotomy exists within China's property landscape, characterized by provinces with healthy economic growth versus those saddled with unsustainable debt and declining populations.