Reported about 12 hours ago
In December, China's home price declines slowed for the fourth consecutive month, suggesting a potential stabilization in the market due to government stimulus measures. New home prices in 70 cities fell only 0.08% from November, marking the smallest decrease in a year and a half, while existing home values decreased by 0.31%. Analysts note that while homebuyer sentiment has improved, significant challenges remain for a full recovery. The property market's struggles continue to affect major developers, with concerns about their debt repayments amidst falling sales.
Source: YAHOO