S&P is already predicting China's property slump will be worse than it expected this year

S&P is already predicting China's property slump will be worse than it expected this year

S&P Global Ratings said China's primary real estate sales will likely drop by 10% to 14% this year, steeper than the decline predicted back in October.

S&P is already predicting China’s property slump will be worse than it expected this year

A real estate project under construction along the ancient Huai River in Huai'an City, Jiangsu Province, China on January 29, 2026.Cfoto | Future Publishing | Getty ImagesBEIJING — S&P Global Ratings has lowered its forecast for China property sales this year, barely two months into 2026.The firm said Sunday that primary real estate sales will…