China's Secondary Housing Market Heats up

China’s secondary housing market started to recover in the first quarter amid loosening credit and regulatory policies, Xinhua reported, citing a Beike Research Institute study.

In the first quarter, sales of previously owned homes in 50 cities rose by nearly 7 per cent from the previous quarter, while sales in March saw a month-on-month increase of more than 40 percent, according to the report.

Read the full report: Xinhua

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.