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China Housing Sales May Slowly Recover Early Next Year: Yicai

CHINA PRESS
MNI (Singapore)

China's housing sales may gradually pick up in March 2022 after prices plunged in Q4, Yicai.com reported citing CITIC Securities. Marginal easing of purchase rules and incentives by some local authorities failed to significantly improve the housing market downturn, the newspaper said. In November, the sales of the top 100 developers totaled CNY845.03 billion, a sharp drop of nearly 40% y/y, the newspaper said citing data by CRIC China. China may not significantly relax housing policy nor further tighten, given the central government's stance against speculating on houses, the newspaper said citing insiders.

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