China Home Sales Surged 18% in March Ahead of Stepped-Up Curbs
ByChina home sales remained resilient last month, as buyers rushed into the market before a tightening of curbs on home-buying in March.
The value of new homes sold rose 18 percent to 1 trillion yuan ($145 billion) last month from a year earlier, according to Bloomberg calculations based on data released Monday by the National Bureau of Statistics. The increase compares with a 23 percent surge in the first two months of the year.
Policy makers are seeking to clear a glut of unsold homes in smaller urban centers, while pledging to enforce strict curbs in most first- and second-tier cities to prevent a housing bubble. In a month when at least 64 cities announced new or stricter property-buying restrictions, buyers flocked into the market because of fears they’d be ruled ineligible for future purchases…
China Home Sales Surged 18% in March Ahead of Stepped-Up Curbs
