BEIJING -
The value of new home sales from the 100 biggest real estate companies rose 7.1 per cent from a year earlier to 435.5 billion yuan (S$81 billion), reversing from a 37.7 per cent slump in September, according to preliminary data from China Real Estate Information. Sales surged 73 per cent from a month earlier.
The improvement came after China unleashed its strongest package of measures, including cutting borrowing costs on existing mortgages, relaxing buying curbs in big cities and easing down payment requirements.
That said, the recovery was lopsided, with state developers benefiting the most from the stimulus.
هذه القصة مأخوذة من طبعة November 02, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 02, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Percival Everett wins US National Book Award for fiction
American author Percival Everett won the US National Book Award for fiction on Nov 20 for his novel James, a propulsive and slyly funny retelling of American writer Mark Twain's Adventures Of Huckleberry Finn (1884) from the perspective of Huck's companion, an enslaved man named James.
Actor Jussie Smollett's conviction for staged attack overturned
American actor Jussie Smollett's conviction for fabricating a racist and homophobic hate crime in Chicago in 2019 was overturned on Nov 21 on due process grounds.
K-pop CD output draws fire as plastic waste talks loom
SEOUL - K-pop music may be South Korea's buzziest export, but the industry needlessly creates mountains of plastic in its home market by churning out CDs that most fans do not even listen to, critics say.
Actress Yvonne Lim returning to Singapore after 10 years in Taiwan
Singaporean actress Yvonne Lim is ready for a new chapter in her life. The 48-year-old announced on social media on Nov 21 that she has opened a YouTube channel.
Striking scenes from abstract triptych in Puppet Origin Stories
A wilfully abstract triptych of stories that make up the third edition of Puppet Origin Stories will frustrate the theatregoer in search of meaning, but delight those who can surrender to the weird and affecting visual scenes crafted on stage.
Kim Soo-hyun samples local food and finds it 'very satisfying'
The K-drama star is here to promote his new series as part of Disney's showcase of upcoming Asian titles
Entrepreneur rediscovers her need for speed
Ms Janice Oo lives out the famous line from the 1986 Hollywood flick, Top Gun, when the lead character \"Maverick\", played by Tom Cruise, declared: \"I feel the need, the need for speed.\"
Timeless Velar refreshed with hybrid engine
The model by Range Rover is relaxing to drive, but the controls feel lighter and less direct than those of its rivals
Wish come true for BYD buyers with families
The M6 is the first mid-sized electric seven-seater to be available here
Subtle serenity
Newly-weds pick clean, functional Japandi aesthetic for their HDB flat
