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Chinese home prices edged up slightly in January, with luxury homes in major cities rising, while smaller cities fell due to excess supply.
New home prices in 100 Chinese cities rose 0.18% in January, a slight slowdown from December’s gain, according to the China Index Academy, driven by high-end projects in first- and second-tier cities like Chengdu, Shanghai, and Hangzhou.
Excess inventory continued to cause declines in cities in the third and fourth tiers.
Resale prices decreased by 0.85% per month, which was less than the 0.97% decline in December.
Relaxed reporting under the "three red lines" policy and a call for quick action in the Communist Party's journal Qiushi are examples of government signals of support that point to a reduction in pressure.
The Spring Festival may cause sales to decline in February, but new promotions and high-quality land releases are anticipated to boost sales in March.
Los precios de las viviendas chinas subieron ligeramente en enero, con casas de lujo en las ciudades principales aumentando, mientras que las ciudades más pequeñas cayeron debido al exceso de oferta.