A recent private survey revealed that China’s new home prices increased at a slower rate in August, indicating ongoing struggles in the crisis-hit property sector. Despite a slew of supportive policies, the sector continues to search for stability. Average new home prices across 100 cities rose 0.11% from July, down from 0.13% in the previous month. China’s property sector, a vital pillar of the economy, faces ongoing challenges since 2021’s regulatory crackdown on high developer leverage.
A series of stimulus and easing measures from local policymakers have struggled to boost sales or increase liquidity. According to survey Overall, as (the property sector enters) the traditional peak season of ‘Golden September and Silver October’, real estate developers may increase their efforts to promote sales. And coupled with the further implementation and effectiveness of supportive policies, the market activity in core cities is expected to slightly rebound in the short term.
