China’s new home sales area fell 10.4% YoY to 195mn sqm in Q1, while sales value
dropped 16.7% to 1.73tn yuan, according to China Index Academy (CIA). Both
declines narrowed versus Jan–Feb.
CIA said the market has shown marginal improvement since March, supported by
post-holiday demand recovery and stronger activity in core cities like Beijing
and Shanghai. It expects YoY declines to gradually narrow, but the overall
market remains in a bottoming phase with continued divergence across regions.
