China To Reboot Markets With Home Purchases menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Housing prices in China's first-tier cities turned lower in October. In October, the number of cities with month-on-month declines in house prices increased slightly. The sales prices of newly built commercial residential buildings in first- tier cities turned from flat in the previous month to a decrease of 10.0%. Second-hand residential properties fell 2.0% month- on-month from a 2. 0% increase in thePrevious month. The number of city where the prices of Newly built commercial housing and second-hand housing increased fell to 67 and 2 respectively.
China s Property Woes Sparking Contagion Fears menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
In March, among the 15 large and medium-sized cities, the sales prices of newly built commercial homes and second-hand homes increased month-on-month in 3 and 70 cities, respectively. The number of cities where house prices rose in March is a direct reflection of market conditions. The stabilization of housing prices is related to the policy promotion since the fourth quarter of last year. The better-than-expected trend of house prices in the first quarter will have a positive impact on the housing companies, Yan Yuejin said.