China’s Home Prices Grow Most on Lower Supply
<span style="font-weight: 400;">China’s home prices grew at the fastest pace in six months in February, as a lower supply of projects during a holiday season added to a fear of missing out among buyers.</span> <span style="font-weight: 400;">New home prices in 70 major cities, excluding state-sub
Published -
Mar 16, 2021 4:40 AM
China’s home prices grew at the fastest pace in six months in February, as a lower supply of projects during a holiday season added to a fear of missing out among buyers. New home prices in 70 major cities, excluding state-subsidized housing, rose 0.36% last month from January, when they gained 0.28%, National Bureau of Statistics figures showed on 15th March. Values in the secondary market, which faces less government intervention, climbed 0.34%, almost the same pace as January. Red-hot sentiment has persisted in the face of stricter curbs imposed in some large cities. More prospective homebuyers stayed in cities where they work last month -- a period that included the Chinese New Year holiday -- due to a renewed surge of coronavirus cases, spurring home purchases.
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