China property sector still struggling

By Reuters

Sep 02, 2024 12:06 am

BEIJING — Prices of new homes in China rose at slower pace in August, a private survey showed on Sunday, as the crisis-hit property sector struggles to find its bottom after a slew of supportive policies.

The average price for new homes across 100 cities edged up 0.11 percent from July, slowing from the previous month's 0.13 percent rise, according to data from property researcher China Index Academy.

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