Singapore’s primary Chinese language newspaper Lianhe Zaobao recently reported that, China Index Academy, a professional research institute of real estate in China, just released a report pointing out that new home sales and second-hand home prices in 100 cities in China continued to decline in January. The sales of the Top-100 real estate companies in China fell by 16.5 percent year-over-year this January.
The January average price of second-hand residential properties in 100 cities fell by 7.22 percent year-over-year and 0.51 percent month-over-month. Since September last year, the Chinese government has successively introduced policies to boost the housing market, including introducing purchase subsidies and supporting state-owned enterprise financing. Analysts surveyed by Reuters expect home prices and sales to continue to fall this year, but the decline may be lower than in 2024.
Source: Lianhe Zaobao, February 1, 2025
https://www.zaobao.com.sg/news/china/story20250201-5815606