China new home prices rise in January as government signals support
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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 for developers. Sales may slow in February due to the Spring Festival, but demand is expected to rise in March as new land becomes available and promotions increase.
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