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China home prices up again in April, adding momentum to recovery

Average new home prices in 70 major cities rose 0.5 per cent month-on-month, following a 0.1 per cent increase in March

Construction site of a residential complex on the outskirts of Beijing. As China has largely stemmed the spread of the virus, sales are recovering quickly as authorities let developers reopen showrooms and property agents conduct viewings.


CHINA'S new home prices rose at a slightly faster pace in April, adding to signs of gradual recovery in the property market as the government eases virus-busting restrictions on movement and reopens the world's second-largest economy.

Average new home prices in 70 major...

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