China unleashed its strongest package of policies to boost the residential market in the past three months. — Bloomberg
SHANGHAI: China’s residential property sales in December were flat year-on-year (y-o-y), avoiding a downturn seen much of 2024 and reflecting signs of market stabilisation after the government’s stimulus blitz.
The value of new-home sales from the 100 biggest real estate companies for the month remained unchanged from a year earlier at 451.4 billion yuan (US$61.8bil), compared to a 6.9% y-o-y drop in November, according to preliminary data from China Real Estate Information Corp.
