Nov 16, 2023 06:20 AM

ECONOMY

China Housing Market’s ‘Silver October’ Tarnishes

By Niu Mujiangqu and Denise Jia

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A new housing project in Jilin on Nov. 14, 2023.

A new housing project in Jilin on Nov. 14, 2023.

China’s housing sales continued to slide in October, a traditionally peak month for the real estate sector, showing that recent supportive government policies failed to boost the ailing property market.

Commercial property sales by area in October declined 28.4% from September to 77.73 million square meters, according to data released Wednesday by the National Bureau of Statistics (NBS).

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