BEIJING (Reuters) – New home prices in China rose at a slightly faster pace in December, a special survey showed on Wednesday, as the crisis-hit real estate sector struggled to find a bottom following a series of supportive government policies.
The average price of new homes in 100 cities rose 0.37% from the previous month, compared with a 0.36% rise in November, according to data from the China Index Real Estate Research Academy.
On an annual basis, the average price increased by 2.68% in December, compared to growth of 2.40% in the previous month.
The Chinese Bureau of Statistics is scheduled to release official house price data on January 17.
China's policymakers in recent months have redoubled their efforts to revive the sector, which collapsed in 2021 after a government-led crackdown on indebted developers, leaving them in dire financial straits.
Since September, measures to encourage home buying have included lower mortgage rates and minimum down payments, as well as tax incentives.
