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Will the Chinese government announce major intervention in the real estate market by December 2024?
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China's Home Prices Decline Faster in May, New Home Prices Down 3.9% Y/Y
Jun 17, 2024, 01:32 AM
China's new home prices in May fell by 0.71% month-over-month, a steeper decline compared to the previous month's drop of 0.58%. Used home prices also saw a significant decrease, falling by 1.00% month-over-month, compared to a 0.94% decline in April. Year-over-year, new home prices dropped by 3.9%, exceeding the previous year's decline of 3.1%. These figures indicate a faster rate of decline in both new and used home prices compared to the previous month. The year-over-year forecast was not provided.
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