The PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFP
The PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFP

Falls in mainland China new home prices ease

Hopes of an immediate strong recovery continue to be weighed down by record high inventories

The PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFP
The PBOC cut interest rates last month for the first time in more than two years in an effort to stimulate housing demand. Photo: AFP
READ FULL ARTICLE