(Beijing) – Home shoppers sidelined by high expectations reached a new turning point in recent months: They stopped expecting prices for newly built homes to decline, and finally took the plunge.
Market data from various regions across the country suggest a bounce back for the real estate market, with sales and prices generally rising in the first week of September – the start of the Chinese property sector’s traditional Golden September-Silver October sales period.
August sales figures from listed developers show their capital positions have improved significantly overall, based on higher transaction levels and cash inflow.
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