The prices of China’s newly built homes declined at a slower rate in December, offering a bit of relief to dozens of property developers that are struggling with a cash crunch and mounting debt.The average price of new homes across 70 cities fell by 0.28 per cent in December from a month earlier, a slower rate than the 0.33 per cent monthly drop in November, according to calculations by E-house China R&D Institute in Shanghai, based on data released on Saturday by the National Bureau of…
Source : South China Morning Post
Read more…China’s home market shows sign of thawing as prices slowed their declines in December with easier loans and policy support
