BEIJING : China's new home prices fell for the first time in four months in May and home sales slumped, according to a private survey, adding to pressure on a property market which is struggling to stabilize from a sharp slump.New home prices among 100 cities fell 0.01 per cent month-on-month in May from
BEIJING : China's new home prices fell for the first time in four months in May and home sales slumped, according to a private survey, adding to pressure on a property market which is struggling to stabilize from a sharp slump.
Home sales by value by property developers fell 18.8 per cent from a month earlier, the independent real estate research firm said in a separate statement on Wednesday. The property sector gained a boost from the lifting of tough COVID curbs in December, low mortgage interest rates and a slew of policy support measures.
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