China's new home sales jump after interest rate cut boosts demand
Housing sales surge 41% to 938.4 billion yuan from November and are 4.2% higher than a year earlier
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
CHINA'S new-home sales jumped last month after the first interest rate cut since 2012 boosted demand and developers made more apartments available to tap improving sentiment in the nation's property market.
Housing sales surged 41 per cent to 938.4 billion yuan (S$202 billion) from November and were 4.2 per cent higher than a year earlier, making December the first year-on-year increase in 12 months, according to Bloomberg News calculations based on data released by the National Bureau of Statistics on Tuesday.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
