You are here

China rate cut seen helping property market

But a strong recovery is unlikely in view of an over-supply of unsold homes

BT_20150303_STEADY3_1540065.jpg
China's home prices fell again in February from January, but the pace of declines has slowed, suggesting that Beijing's loosening efforts may be starting to bear fruit, two private surveys showed. The drop in mortgage rates after two policy rate cuts totals 65 basis points.

Hong Kong

CHINA'S second interest rate cut in just over three months will boost property sales and help stabilise weak house prices, but a strong recovery in the sector is unlikely given a glut of unsold homes, market watchers said on Monday.

The property industry accounts for some

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom