China’s new home prices increased in January for the sixth straight month, a survey showed on Monday, positive news for the key sector following a series of stimulus measures aimed at boosting lending.
The gains come as authorities have sought to stabilise China’s property market - a main driver of the world’s second-largest economy - and rolled out new measures intended to encourage migrant workers to buy homes in the cities where they work.
The average price of a new home in China’s 100 major cities rose 0.42% month-on-month in January to 11,026 yuan (US$1,675) per sq m, the China Index Academy (CIA) said in a report, a slight easing from December’s 0.74% rise. On a year-on-year basis, prices rose 4.37%.
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The gains come as authorities have sought to stabilise China’s property market - a main driver of the world’s second-largest economy - and rolled out new measures intended to encourage migrant workers to buy homes in the cities where they work.
The average price of a new home in China’s 100 major cities rose 0.42% month-on-month in January to 11,026 yuan (US$1,675) per sq m, the China Index Academy (CIA) said in a report, a slight easing from December’s 0.74% rise. On a year-on-year basis, prices rose 4.37%.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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