Nomura sees rebound in property sector

Property sales in China could peak this year and then stabilize at a level slightly below that of 2015, Japanese brokerage Nomura Securities Co said on Thursday.

The growth in real estate sales on a national basis (in terms of value) rose by 10 percent in the first six months, surpassing the brokerage's estimates, Jeffery Gao, head of Nomura's China property research, said on Thursday.

Sales on a floor area basis in July fell 2.2 percent over June and rose 57.5 percent from a year ago, according to the China Real Estate Information System, which was developed by SouFun Holding Ltd.