China's real estate showing signs of recovery

Small gain: A man passing by apartment buildings under construction in Shanghai. Government measures to rescue the property sector may be having an effect. — Bloomberg

BEIJING: China’s property market is showing some early signs of stabilisation this year after the government increased support for cash-strapped developers and loosened home purchase restrictions to counter a slump.

Housing sales snapped more than a year of decline to post a small gain in the first two months of this year, according to data released by the National Bureau of Statistics (NBS) Wednesday.