The Business Times
business-time-50
SUBSCRIBERS

Supply glut puts brakes on recovery in home prices

Prices of new homes fell in 33 cities in October, compared with 21 in September

google-preferred-sourceAdd BT as a preferred source
Published Wed, Nov 18, 2015 · 09:50 PM

    Shanghai

    CHINA'S home-price recovery slowed in October as a supply glut in less prosperous cities challenges the authorities' efforts to revive the residential market with interest-rate cuts and easing of mortgage restrictions.

    New-home prices rose in 27 cities, 12 fewer than in September, the National Bureau of Statistics said on Wednesday. Prices dropped in 33 cities, compared with 21 in September, and were unchanged in 10.

    China property

    TRENDING NOW

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More