Chinese Developers Struggle as New Home Sales Decline Again

Monday, 1 April 2024, 08:30

Chinese developers faced a challenging month in March, with new home sales dropping by 46%. Despite efforts to boost lending, the liquidity crisis persists, indicating a prolonged struggle for the real estate sector.
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Chinese Developers Struggle as New Home Sales Decline Again

China's Real Estate Sector Faces Challenges

Chinese developers experienced another difficult month in March, with a 46% decline in new home sales. The persisting liquidity crisis poses challenges for the market, impacting both developers and buyers. It remains unclear when the sector will see a turnaround.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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