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

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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.

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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