BEIJING: China's new home prices stalled in February after eking out a small gain a month earlier, official data on Wednesday showed, pointing to still fragile demand despite a gradual easing in property curbs by authorities to boost buying sentiment.
From a year earlier, new home prices rose 2.0 per cent, the slowest pace since December 2015, and also easing from the 2.3 per cent growth in January. Authorities mainly in small cities have rolled out a slew of easing steps including smaller down-payments, cuts in mortgage rates and relaxations in purchase of second homes.
Source: Real Estate Daily Report (realestatedailyreport.net)
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