Reported 25 days ago
In October 2024, China's residential property sales experienced their first year-on-year increase of the year, attributed to the government's significant stimulus measures. Sales value from major real estate companies rose by 7.1% year-on-year to 435.5 billion yuan, marking a sharp recovery from previous declines. While state-owned developers benefitted more, with a 26% increase in sales, private developers saw a 24% drop. The government's strategies included cutting mortgage costs and easing buying restrictions, yet the market recovery remains uneven.
Source: YAHOO