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China property sales surge despite efforts to cool market

Sales by area rise 25.1% y-o-y in Jan and Feb; property investment is up 8.9% y-o-y but pace eases from Dec

After sharp home price rises last year, China's policymakers have started to worry about overheating in the property market and the risk of a sudden and sharp correction that would hurt the economy.


CHINA'S property sales surged in the first two months of the year despite government measures to cool the market, though growth in real estate investment showed signs of easing, according to official data on Tuesday.

Property sales by area rose 25.1 per cent year-on-year in...

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