Reported 25 days ago
In October, new home prices in China experienced a slight increase, marking the first signs of recovery in a struggling real estate market, with a 0.29% month-on-month rise compared to 0.14% in September. Despite improvements in major cities like Shanghai, where prices rose 1.09%, smaller cities continue to face challenges, reflecting persistent cautious buyer sentiment. Support measures introduced by the government at the end of September are beginning to take effect, though economists warn that the surge in demand in top-tier cities may be temporary and emphasize the need for sustainable strategies to address underlying market issues.
Source: YAHOO