China Housing Sales Jump as Demand Defies Government Curbs
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China’s home sales jumped 34 percent in September from the previous month, as the government refrained from adding to property curbs, emboldening buyers.
The value of homes sold climbed to 691.1 billion yuan ($113 billion) last month from 514.6 billion yuan in August, based on the difference between the National Bureau of Statistics data for the first three quarters of the year and the first eight months. Housing sales in the first nine months surged 34.5 percent to 4.54 trillion yuan from a year earlier, according to the data.