Housing demand on mainland China remained strong in the first quarter despite government measures to cool the red-hot sector.
Chinese banks extended 1.9 trillion yuan (US$302 billion) in new property loans during the period, according to data released by the People’s Bank of China on Friday.
That was up 11.8 per cent from the same period in 2017 – when new mortgages totalled 1.7 trillion yuan – indicating resilient demand for housing this year, according to analysts.
Higher…
Source : South China Morning Post
Read more…Chinese housing demand robust in first quarter despite efforts to cool market















