Prøve GULL - Gratis
China home sales see first year-on-year rise of 2024 on stimulus blitz
The Straits Times
|November 02, 2024
China's residential property sales rose in October, the first year-on-year increase of 2024, as the government's latest stimulus blitz brought back buyers.
-
BEIJING -
The value of new home sales from the 100 biggest real estate companies rose 7.1 per cent from a year earlier to 435.5 billion yuan (S$81 billion), reversing from a 37.7 per cent slump in September, according to preliminary data from China Real Estate Information. Sales surged 73 per cent from a month earlier.
The improvement came after China unleashed its strongest package of measures, including cutting borrowing costs on existing mortgages, relaxing buying curbs in big cities and easing down payment requirements.
That said, the recovery was lopsided, with state developers benefiting the most from the stimulus.
Denne historien er fra November 02, 2024-utgaven av The Straits Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Straits Times
The Straits Times
RAMEN REVIVAL
Slurp up regional flavours from Japan and local hawker renditions
10 mins
November 02, 2025
The Straits Times
MIDDLE EASTERN MELTING POT
New eateries are putting their own spin on the cuisine, while established players keep pace with updated menus
11 mins
November 02, 2025
The Straits Times
From a super-saver to embracing 'die with zero'
After a lifetime of saving for the future, I recently opened up to the idea that maybe one should use up one's wealth before one dies.
6 mins
November 02, 2025
The Straits Times
MASTEROFMYUNIVERSE TO RULE
RACE 1 (1,200M) 4 Run Run Timing made a strong first impression for the Ricky Yiu stable, finishing a close second on his Class 5 debut and showing he is ready to win again. He draws wider in barrier 9 this time, but that effort confirmed he was heading the right way.
6 mins
November 02, 2025
The Straits Times
KEEPING CALM THE 'BIGGEST LESSON'
Sabalenka aims to keep her emotions in check in bid for first WTA Finals crown
2 mins
November 02, 2025
The Straits Times
New work by late M'sian poet
Two young editors have worked to posthumously publish In The Mirror: New And Selected Poems Of Wong Phui Nam
3 mins
November 02, 2025
The Straits Times
WILL POGACAR BECOME CYCLING'S G.O.A.T?
In this series, The Straits Times takes a deep dive into the hottest sports topic or debate of the hour. From Lamine Yamal's status as the next big thing to pickleball's growth, we'll ask The Big Question to set you thinking, and talking.
5 mins
November 02, 2025
The Straits Times
Sentosa Cove property prices buck mainland uptrend as loss-making deals rise
In July, a condominium unit at Marina Collection in Sentosa Cove was resold for $4.95 million, over 40 per cent below the price paid in 2008.
4 mins
November 02, 2025
The Straits Times
More HDB flat owners switching to bank loans as rates drop to 3-year low
Owners spoilt for choice as banks compete to offer attractive refinancing options
4 mins
November 02, 2025
The Straits Times
Beauty products and fried chicken: Korean culture meets diplomacy at summit
World leaders and business titans gathered in South Korea this week to hash out issues from tariffs and AI to regional security.
2 mins
November 02, 2025
Listen
Translate
Change font size