China”s property market sees slower recovery in October

China''s property market sees slower recovery in October

BEIJING, Nov 18  — China’s real estate sector reported slower recovery in October, with new home prices in a declining number of surveyed cities registering month-on-month rises, state media reported Wednesday.

Of 70 large and medium-sized cities surveyed in October, new home prices climbed month-on-month in 27, down from 39 in the previous month, Xinhua News Agency quoted data from the National Bureau of Statistics (NBS).

Meanwhile, 33 reported month-on-month price declines, up from 21 in September, it added.

— BERNAMA

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