China’s new-home prices extend decline for 22nd month, but stimulus offers hope

Quick Summary:

Prices of new homes in 70 mainland cities declined 0.1 per cent month on month in March, the same as February, according to official data.

The increase in the number of cities with rising home prices reflects a significant improvement in market confidence, according to Yan Yuejin, vice-president of Shanghai-based E-House China Real Estate Research Institute.“A favourable policy environment for home purchases and positive home price indicators will provide greater support for the property market in the second quarter,” he said.

China’s property market has struggled for more than four years since Beijing launched a campaign to deleverage the sector in August 2020.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: Month Prices Fell Homes Market Mainland February Cities Drop March Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 13:02:49 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 236 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 27941566

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