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China's Housing Market Improves Marginally In May: Herald

CHINA PRESS
MNI (Singapore)

Housing markets in May have seen a marginal increase in sales but any significant recovery will require an easing on pandemic curbs and more policy support with buyers still hesitant, the 21st Century Business Herald reported. Home sales in 17 major cities monitored by the China Index Academy rose 8.8% m/m in May, among which that in second-tier and third-tier cities increased by 8.31% and 27.2%, respectively, the newspaper said. There may be a further sales increase after the Dragon Boat Festival holiday in early June, the newspaper said citing an unnamed real estate salesperson.

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