Reported 4 months ago
In May, new home prices in China increased slightly for the ninth consecutive month, rising by 0.25% on average across 100 cities according to a private survey by China Index Academy. This growth was attributed to government support measures aimed at stabilizing the crisis-hit property sector, including easing mortgage rules and providing additional funding. Despite these efforts, the market recovery is expected to depend on changes in residents' income expectations.
Source: YAHOO