China's Home Prices Rebound in September, Breaking Four-Month Slump
China's new home prices increased slightly in September, ending a four-month decline, as developers accelerated launches to capitalize on recent support measures. The average prices rose by 0.05% from the previous month, with only 30 out of 100 cities surveyed reporting a decrease. The rise was driven by developers introducing new, higher quality housing projects. The Chinese government has implemented various measures to boost home-buying sentiment, including easing borrowing rules and relaxing home purchasing restrictions in some cities. While major cities like Beijing have seen a small improvement in new home sales, concerns remain about the sustainability of this recovery and its impact on smaller cities.