China’s property slump may extend into 2025: Fitch Ratings

Quick Summary:

New home prices will fall by another 5 per cent in 2025, roughly the same as in 2024.

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

The measures helped ease declines in China’s home prices for a second month in October.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Months China’s Sales Cities Cent 2025 Prices Fitch First Property Wang

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 12:19:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23913957

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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