Foreign media: The average new residential property prices in 100 Chinese cities rose by 0.18% month-on-month in January, slowing from 0.28% in December. High-end upgraded housing projects launched in cities such as Chengdu, Shanghai, and Hangzhou have driven the month-on-month and year-on-year price increases in first- and second-tier cities.
However, third- and fourth-tier cities are still digesting inventory, with prices falling both month-on-month and year-on-year. The prices of second-hand homes fell by 0.85% month-on-month, narrowing from a 0.97% decline in December.
Since 2021, when developers faced liquidity crises due to regulatory policies, the Chinese real estate market has been under pressure. Recently, it has been reported that the "three red lines" policy has ended, and the government has called for shortening the market adjustment period and providing one-time support.
It is expected that sales will slow down in February due to the Spring Festival holiday, but demand is expected to rebound in March with the introduction of high-quality land and developer promotions.
Original article: toutiao.com/article/1855892850705411/
Statement: This article represents the personal views of the author.