Not Expecting Big Bang Stimulus for Property Sector: Law

The video discusses the Politburo's supportive stance on the property sector, highlighting the absence of the 'Properties for Living, Not for Speculation' slogan. It suggests that the government recognizes changes in supply and demand dynamics. Expected measures include reducing down payments and abolishing purchase restrictions, but no major stimulus is anticipated. The market outlook remains pessimistic, with continued declines in property sales and potential defaults among developers due to weak financing access. The industry is consolidating, leading to potential liquidations of weaker players.

What factors contribute to the expectation of further defaults among high U private property developers?

In what way has the property industry fundamentally changed according to the analysis?