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RecapSigns 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
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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
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