BEIJING — Prices of new homes in China rose at a slightly faster pace in December, a private survey showed on Wednesday, as the crisis-hit property sector struggles to find a bottom on the heels of a slew of supportive government policies.
The average price of new homes across 100 cities edged up 0.37 percent from a month earlier, compared with the 0.36 percent rise in November, according to data from property researcher China Index Academy.
On a year-on-year basis, the average price rose 2.68 percent in December, versus 2.40 percent growth in the previous month.
Official data for home prices will be released by China’s statistics bureau on Jan. 17.
China’s policymakers in recent months doubled down on their efforts to revive the sector, which crashed in 2021 after a government-led campaign to rein in indebted developers left them severely cash-strapped.
Since September, measures aimed at encouraging home buying have included cutting mortgage rates and minimum down payments, as well as tax incentives.
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