China new home prices rise in January as government signals support, private survey says
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Average new home prices in 100 Chinese cities rose 0.18% in January, following government support signals. First- and second-tier cities saw price increases due to new high-end projects, while third- and fourth-tier cities faced declines. The resale market prices fell 0.85%. The property sector is adjusting after a liquidity crisis, with recent policy changes indicating a shift in reporting requirements. Sales may slow in February due to the Spring Festival, but demand is expected to rise in March as developers promote new projects.
Source: Reuters The copyright of this article belongs to the original author/organization.
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