China's Housing Market Shows Signs of Improvement

(MENAFN) Major Chinese cities experienced a deceleration in housing market deterioration during January, with official statistics released Friday revealing a narrowing decline across the nation's 70 largest metropolitan areas.

The National Bureau of Statistics (NBS) reported month-over-month declines of 0.3 percent for newly constructed properties in China's top-tier markets—Beijing, Shanghai, Guangzhou, and Shenzhen—while previously owned homes dropped 0.5 percent.

Secondary markets across 31 mid-tier cities witnessed parallel trends, with fresh construction falling 0.3 percent and existing properties decreasing 0.5 percent on a monthly basis. Smaller metropolitan areas showed steeper losses, as 35 third-tier cities recorded 0.4 percent declines for new builds and 0.6 percent for resales.

Despite the monthly stabilization, annual comparisons painted a grimmer picture. NBS figures demonstrated that year-over-year price erosion accelerated across every urban classification, underscoring sustained downward momentum in the sector.

Beijing continues deploying targeted policy interventions to stabilize the real estate industry while pursuing structural transformation amid evolving market conditions. Officials have increasingly emphasized quality-focused growth strategies for the troubled property sector.

Housing and Urban-Rural Development Minister Ni Hong outlined a municipality-focused approach centered on supply regulation, inventory reduction, and construction standards enhancement. The minister indicated additional measures would address developer liquidity requirements while accommodating citizen needs for baseline housing and residential upgrades.

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