December 16, 2024 02:36 GMT
CHINA: Property Market Indicators Still Struggling.
CHINA
- Property Investment YTD declined -10.4% in November, more than October’s result of -10.3%.
- New home sales YTD value declined -20% y/y and the the size of the properties sold declined -16%.
- The value of property sales declined -19.2% with falls for both new properties and those under construction.
- The domestic mortgage loan market declined -6.2% y/y to CNY1,347.6bn in November.
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