Real Estate
China’s Home Sales by Top Developers Rise for a Third Month
Residential buildings under construction in Beijing.
Source: Bloomberg
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China’s home sales rose for a third month in April, adding to signs of a recovery after policymakers expanded support for the beleaguered sector.
The value of new home sales by the 100 biggest real estate developers climbed 31.6% from a year earlier to 566.5 billion yuan ($81.9 billion), according to preliminary data from China Real Estate Information Corp. That compares with a 29.2% increase in March.