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16 Apr China’s home prices fall for 10th straight month in fresh alarm for stronger policy response, revival plans

Posted at 05:28h in Asia

China’s home prices in the primary market fell for a 10th consecutive month in March, showing the government’s measures to support the nation’s struggling developers and lift consumer confidence are not sufficient to arrest the slump.Prices of new homes in 70 medium and large cities...

14 Mar Hangzhou, home to Alibaba and Geely, turns market-friendly by scrapping more barriers to revive home sales

Posted at 09:02h in Asia

The local government in Hangzhou, the capital of eastern Zhejiang province, has taken another drastic move to ease home-purchase restrictions in the city, after an effort last year failed to rejuvenate the housing market.The city, home to China’s tech leaders including e-commerce platform operator Alibaba...

11 Mar No relief yet for China’s housing market with excess supply in secondary market, weak price guidance in new projects

Posted at 04:32h in Asia

China’s housing market is seen under more pressure this year, plagued by excess supply in the secondary market as desperate homeowners look to cash out. Prices may need to drop further, with buyers waiting for bigger discounts amid an economic gloom, industry analysts said.Listings of...

18 Feb Greater Bay Area property market to see brighter days ahead as synergies build in the 11-city bloc

Posted at 03:30h in Asia

Property markets in China’s Greater Bay Area will see an uptick in 2024, as businesses and communities find synergies within the 11-city economic powerhouse which has a GDP of US$2 trillion and a population of 86 million, experts say.While new home sales performance have remained...

04 Feb Growing number of mainland Chinese would rent homes rather than buy amid economic downturn, analysts say

Posted at 03:45h in Asia

Linda Chen, 28, sold her 70 square metre (753 sq ft) home in China’s eastern Hangzhou city for a discount of about 300,000 yuan (US$41,963) and moved into a rented unit of similar size with her husband in December, after paying around 9,000 yuan in...

China home price Tag

16 Apr China’s home prices fall for 10th straight month in fresh alarm for stronger policy response, revival plans

14 Mar Hangzhou, home to Alibaba and Geely, turns market-friendly by scrapping more barriers to revive home sales

11 Mar No relief yet for China’s housing market with excess supply in secondary market, weak price guidance in new projects

18 Feb Greater Bay Area property market to see brighter days ahead as synergies build in the 11-city bloc

04 Feb Growing number of mainland Chinese would rent homes rather than buy amid economic downturn, analysts say

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