Home prices in some big Chinese cities show signs of stabilisation: statistics bureau

Quick Summary:

In November, new home prices in China’s four top-tier cities were unchanged from a month earlier, following 13 months of declines.

In Shenzhen, 2,390 second-hand homes changed owners in the first week of December, the highest level in over three years, according to data compiled by the Shenzhen Real Estate Intermediary Association.

After that, transactions in top-tier cities like Shanghai and Shenzhen surged.

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Article Details

Author / Journalist: Cao Li

Category: Business

Markets: Hong KongChina

Topics: Cities Prices Shenzhen Three Policy Housing China’s Property November Top-tier According

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 13:06:23 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 224 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 24425950

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