AGL 38.51 Increased By ▲ 0.94 (2.5%)
AIRLINK 129.25 Decreased By ▼ -3.25 (-2.45%)
BOP 5.63 Decreased By ▼ -0.01 (-0.18%)
CNERGY 3.83 Increased By ▲ 0.06 (1.59%)
DCL 8.70 Decreased By ▼ -0.17 (-1.92%)
DFML 41.95 Increased By ▲ 0.95 (2.32%)
DGKC 88.50 Decreased By ▼ -1.66 (-1.84%)
FCCL 34.89 Decreased By ▼ -0.19 (-0.54%)
FFBL 66.79 Increased By ▲ 0.29 (0.44%)
FFL 10.52 Increased By ▲ 0.37 (3.65%)
HUBC 108.60 Increased By ▲ 2.20 (2.07%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.77 Decreased By ▼ -0.09 (-1.85%)
KOSM 6.98 Increased By ▲ 0.13 (1.9%)
MLCF 41.72 Decreased By ▼ -0.08 (-0.19%)
NBP 59.65 Increased By ▲ 1.07 (1.83%)
OGDC 183.65 Increased By ▲ 2.40 (1.32%)
PAEL 26.12 Increased By ▲ 0.42 (1.63%)
PIBTL 5.95 Increased By ▲ 0.12 (2.06%)
PPL 147.75 Decreased By ▼ -0.65 (-0.44%)
PRL 23.57 Increased By ▲ 0.35 (1.51%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.29 Decreased By ▼ -0.50 (-0.73%)
TELE 7.17 Decreased By ▼ -0.07 (-0.97%)
TOMCL 35.80 Decreased By ▼ -0.20 (-0.56%)
TPLP 7.74 Increased By ▲ 0.34 (4.59%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.41 Decreased By ▼ -0.44 (-0.87%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,809 Increased By 41.1 (0.42%)
BR30 29,711 Increased By 311.1 (1.06%)
KSE100 92,381 Increased By 443.3 (0.48%)
KSE30 28,851 Increased By 107.7 (0.37%)

BEIJING: Average new home prices in 100 Chinese cities fell for a third consecutive month in July, while more measures are expected in major cities to lift the country’s embattled property sector, a private survey showed on Tuesday.

New home prices on an average fell 0.01% month-on-month in July, unchanged from June and May, according to a survey by China Index Academy, a real estate research firm. Only 35 cities, of the 100, saw a gain in new home prices.

New home sales by value among top 100 real estate firms across the country fell 34.1% year-on-year in July, according to a separate statement from the research firm on Monday.

China’s property sector has seen a string of debt defaults by cash-squeezed developers over the past few years and is showing few signs of recovery.

China June new home prices flat in weakest showing this year

Top leaders at a Politburo meeting recently pledged to adjust and optimise policies in a timely manner to help prop up the sector.

Future policy optimization measures are expected mainly in the core tier-two and tier-one cities, as restrictive policies of the property market in most tier-two and tier-three and four cities have been relaxed, the China Index Academy said.

Measures may involve easing mortgage curbs, “reducing the down payment ratio, mortgage interest rate, transaction taxes and fees, and relaxing housing purchase curbs in some areas”, it added.

Tier-one cities including Beijing and Shenzhen have already vowed to implement measures, without giving details.

Comments

Comments are closed.