No surprise here. The same thing followed the May stimulus.
China’s latest steps to revive the housing market have had an immediate impact, judging from reports of brisk sales and buyer interest during the nation’s week-long holiday. Whether the rebound will be sustained is another matter.
In cities with residential projects running promotions, visits by prospective homebuyers climbed at least 50% from a year earlier, CCTV news reported, citing the Ministry of Housing and Urban-Rural Development. About 130 cities across 20 provinces have rolled out various perks to entice buyers.
