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By Liangping Gao and Ryan Woo BEIJING (Reuters) - New home prices in China are likely to fall this year due to limited effect of ongoing government support measures, a Reuters poll showed, with economists predicting the ailing market will need more...
Beijing and Shanghai issued their latest round of support measures last December to shore up confidence. The measures seem to have yielded solid results. But analysts say the trend is far from sustainable.
‘Beijing’s policy change around home purchases has important implications for the whole country,’ senior Fitch Bohua analyst says.
Prices of new homes in China are now expected to climb 3% this year after a slew of policy measures to support the country's beleaguered property market, up from earlier expectations for prices to...
Prices of new homes in China are now expected to climb 3% this year after a slew of policy measures to support the country's beleaguered property market, up from earlier expectations for prices to be flat, a Reuters poll showed. Defaults on debt payments by many developers in China's cash-squeezed and highly indebted property sector have sparked fears of a broader financial crisis, weighed on consumer confidence and hindered economic growth. Authorities, particularly those in major cities, have embarked on a string of steps to bolster demand, including allowing smaller down payment...