Recap | Signs of China’s housing market stabilising, economists call for reforms, Beijing’s tax breaks: 5 China property stories
Slowing decline of new home prices, policy support drives sales rise and tax breaks in key cities aim to boost the market. See our latest coverage of Chinese property
1. China’s new home prices show signs of stabilisation; Beijing, Shanghai, Guangzhou, Shenzhen lead recovery
Prices fell for the 17th month in October, but at a slower pace, indicating that recent support measures may be working. Prices across 70 cities dropped 0.5 per cent month on month, the slowest rate in seven months, with tier-1 cities seeing a narrower decline.
2. Chinese developers rush home sales as sentiment turns; Shanghai, Shenzhen see 20 per cent drop in supply
Driven by government policy support and tax amendments, October brought robust sales and a surge in project launches. The top 100 developers saw a 73 per cent increase in sales compared to the previous month.
3. Economists at Renmin University forum urge Beijing to tackle China’s property crisis
A forum heard calls for reforms to prevent debt shocks, restore market confidence and meet Beijing’s 5 per cent GDP growth targets. Rising sales in major cities offer hope, yet concerns over falling property prices persist.
