China's property market shows early signs of stabilising

Sales at top 100 developers up 61.2% in June, but analysts say long road to recovery ahead

New: Gift this subscriber-only story to your friends and family

China's embattled property market is showing early signs of stabilising, after months of plunging sales following a government clampdown on over-leveraged developers two years ago.

Sales across the country's top 100 developers rose 61.2 per cent last month to 733 billion yuan (S$153 billion), according to data from property consultancy China Real Estate Information Corp.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on July 09, 2022, with the headline China's property market shows early signs of stabilising. Subscribe