Slowing China home price rises could dent growth
But signs of easing in July offer some relief for policymakers worried about property bubbles
Beijing
HOME price rises in China's biggest cities showed signs of easing in July, adding to concerns that one of the economy's key growth drivers is losing steam but offering some relief for policymakers worried about property bubbles.
A robust recovery in home prices and sales gave a stronger-than-expected boost to the world's second-largest economy in the first half of the year, partly offsetting weak exports.
But some analysts say slowing price growth and weakening property investment suggest the rebound may have peaked, as more local government…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default