Residential buildings in Beijing. In major cities across the country, residential property purchases rose 37 per cent in the week ending April 20, compared with the previous week. Photo: Reuters Residential buildings in Beijing. In major cities across the country, residential property purchases rose 37 per cent in the week ending April 20, compared with the previous week. Photo: Reuters
Residential buildings in Beijing. In major cities across the country, residential property purchases rose 37 per cent in the week ending April 20, compared with the previous week. Photo: Reuters

Chinese homebuyers go on ‘revenge spending’ binge as cities emerge from coronavirus lockdowns

  • Demand was only deferred by lockdowns and did not disappear: Centaline
  • Rebound is fragile, S&P Global Ratings says, maintains view contracted sales will drop 5 per cent to 10 per cent in 2020

Topic |   China property
Residential buildings in Beijing. In major cities across the country, residential property purchases rose 37 per cent in the week ending April 20, compared with the previous week. Photo: Reuters Residential buildings in Beijing. In major cities across the country, residential property purchases rose 37 per cent in the week ending April 20, compared with the previous week. Photo: Reuters
Residential buildings in Beijing. In major cities across the country, residential property purchases rose 37 per cent in the week ending April 20, compared with the previous week. Photo: Reuters
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