Moody's: Stable view for China developers

Moody's Investors Service said it is maintaining its stable outlook for China property developers over the next 12 months and says that while prices will decline, the market is not overly inflated.

What is evident is that numerous factors - many at opposing ends of the spectrum - are at play on the China real estate landscape, leading to a market that shows restrained short-term weakness, but robust long-term fundamentals, Moody's said.

The ability of developers to manage through the situation is much stronger than 18 months ago, the agency said.

In 2010, the performances of developers - with sustainable business models and which focus on owner occupiers rather than investors - will be less volatile, Moody's said.

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