China Home Sales Continue to Rise in Latest Sign of Recovery
- March’s deal value jumped 29% from a year earlier: CRIC
- Data add to improvement signals following 2022’s sales slump
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China’s home sales rose for a second month in March, according to a private data provider, signaling a recovery after policymakers expanded support for the sector.
The value of new home sales by the 100 biggest real estate developers climbed 29.2% from a year earlier to 660.9 billion yuan ($96.1 billion), according to preliminary data Friday from China Real Estate Information Corp. That compares with a 15% rise in February, when the market posted its first increase in 20 months.