NBS deputy director Mao Shengyong said 1H data show policy effects emerging and
positive shifts in the property market: new-home prices in first‑tier cities
rose MoM for four months; nationwide unsold consecutive floor area fell for four
consecutive months, signaling ongoing inventory reduction; resale transactions
have become a major share of residential sales; and market expectations have
improved, with post‑Spring Festival expectations for new and resale prices
turning more positive. He said authorities will continue targeted, city‑specific
measures to control new supply, cut inventory and improve supply quality to
support a stable, healthy property market.
