China property: lived-in home sales rise but prices fall in Shenzhen, Beijing, Shanghai

Quick Summary:

Too early to conclude China’s real estate sector has bottomed out, Nomura’s chief China economist Lu Ting says.

Prices of lived-in homes in Shenzhen have fallen nearly 7 per cent this year.“I think it’s a bit too early to conclude that China’s real estate sector as a whole has bottomed out and begun to rebound,” Lu Ting, chief China economist at Nomura, said on Wednesday.

At the same time, new home sales continue to decline.

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Article Details

Author / Journalist: Cao Li

Category: Business

Markets: Hong KongChinaJapan

Topics: China’s Years Shenzhen Property Nomura Prices Lived-in Sales Second-hand Cent Cities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 16:30:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 204 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 24350532

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