What’s driving strong demand for China homes, properties


China’s residential properties have seen strong demand, and there are three factors driving it, according to Deutsche Bank’s Linan Liu.

Data released Thursday by the National Bureau of Statistics showed that new home prices in May rose 4.9% from a year ago, compared to a 4.8% increase in April.

The average new home prices in 70 cities also rose 0.6% from April, the same growth that was seen in April from March.

Property investment has been “fairly strong,” while…

Source cnbc.com

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