Citi Adds to Tough Talk on China Property; Easing Measures a Must

        0125 GMT [Dow Jones] More tough language from the sell-side on China's property sector Wednesday. Citi says the physical market is at a "critical point" after the roughly two dozen developers it tracks posted a 6% month-over-month decline in sales in April. Relaxing home purchase restrictions and making it easier to obtain credit is "now a MUST to prevent a 'demand cliff," Citi says. "We see June/July as the LAST chance for government to introduce powerful measures." That follows some tough talk from Nomura on Monday--its analysts said it's "no longer a question of 'if' but rather 'how severe' the property market correction will be." (mia.lamar@wsj.com)
        (END) Dow Jones Newswires

        May 06, 2014 21:25 ET (01:25 GMT)