Key Points
China's new home prices have risen rapidly since July 2021, driven by regulatory measures, but sales remain low, indicating uncertainty about a turnaround in the struggling property sector..
Newhomepricesin China rose at thefastestpacein more than two and a halfyearsin March versus a month earlier, a privatesurveyshowed on Monday, driven by a slew of supportive steps to prop up the crisis-hit property sector...
The averagenewhomeprice across 100 cities rose 0.27% on month in March, the biggestrisesince July 2021, showed data from real estate researcher China Index Academy..
China'sproperty sector, a pillar of the economy, has lurched from one crisis to another since 2021 after a regulatory crackdown on high leverage among developers triggered a liquidity crisis...
However, total sales by value among 100 real estate companies plunged 49.0% year-on-year in the first three months of the year, indicating a turnaround for the sector is not yet in sight...
