China home prices fall at slower pace after stimulus boost

Quick Summary:

China in the past two months unleashed its strongest package of policies to boost the property market.

Existing-home prices dropped 8.9 per cent, compared with 9 per cent in September.

Soon after, the trading hub of Guangzhou became the first tier-1 city to remove all restrictions on buying residential property.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Housing China Market September Homes Prices First Cent Property Months Cities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 12:35:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23598669

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 22 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 52 minutes ago

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Publisher ID: #25

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