New home prices in China increased at a slower rate in August (0.11% vs 0.13% in July).
In August, new home prices in China increased by 0.11%, a slowdown from July's 0.13% rise, according to China Index Academy. The property sector, crucial to the economy, has struggled since a 2021 crackdown on developer leverage caused a liquidity crisis. Despite local stimulus efforts, sales remain weak, with 35 cities reporting price increases, down from 38 in July. A slight market rebound is anticipated as supportive policies take effect.
September 01, 2024
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