Growth spurs mild China property uptrend

SHANGHAI: The first May Day holiday in China after the Covid-19 pandemic control measures were seen as a mild pickup in property trading – and the uptrend will likely extend into the coming months, considering the macroeconomic acceleration and the anticipated further release of pent-up demand for homes, industry experts say.

The continuous optimisation of property-related policies by local governments as well as the ongoing steady economic improvement will set the tone for the real estate market from now on, with hot-spot cities expected to see a more buoyant performance, they said.