Property market recovery on the horizon

Hopeful prospect: A residential project under construction in Shanghai. Developers with sizeable portfolios in major cities will likely see their stocks rebounding, according to Lam’s forecast. — Bloomberg

HONG KONG: When it comes to Chinese real estate, John Lam is a lone wolf.

The UBS analyst shocked markets three years ago with a rare “sell” rating on China Evergrande Group, 11 months before it defaulted and became the poster child for the property collapse.