The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
China’s home prices steadied in January, ending a 16-month decline after the government expanded stimulus policies for the sector.
New-home prices in 70 cities, excluding state-subsidised housing, remained unchanged, compared with a 0.25% decline in December, National Bureau of Statistics figures showed.
In the secondary
market, existing-home prices dropped 0.28%, smaller than the 0.41% decline in the previous month.
Chinese regulators unveiled a sweeping plan to revive the housing industry, focusing mainly on the supply side by pledging financial support to cash-strapped
evelopers.