China’s real estate sector showed signs of life during the National Day holiday , with home sales ticking up after new government measures aimed at reviving the property market. According to China Media Group (CMG), the week-long holiday starting October 1 saw a surge in house visits—a key indicator of buyer interest—and increased sales across multiple regions.
Why it matters: Over 50 cities rolled out policies like tax cuts and relaxed purchase rules to boost demand . Nearly 2,000 property projects from 1,000+ developers joined ‘holiday promotions’, offering discounts and perks to attract buyers. The Ministry of Housing and Urban-Rural Development called the trend ‘a positive signal’ for the economy.
The big picture: The uptick follows a wave of stimulus measures introduced in late September, targeting one of China’s most critical economic pillars. While analysts caution it’s ‘too early to call a full recovery’, the holiday bounce hints at growing consumer confidence .
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, with home sales ticking up after new government measures aimed at reviving the property market. According to China Media Group (CMG), the week-long holiday starting October 1 saw a surge in house visits—a key indicator of buyer interest—and increased sales across multiple regions.
. Nearly 2,000 property projects from 1,000+ developers joined ‘holiday promotions’, offering discounts and perks to attract buyers. The Ministry of Housing and Urban-Rural Development called the trend ‘a positive signal’ for the economy.
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