Nov 16, 2023 06:20 AM

ECONOMY

China Housing Market’s ‘Silver October’ Tarnishes

By Niu Mujiangqu and Denise Jia

00:00

00:00/00:00

Listen to this article 1x

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).

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: China Celebrates Golden Week

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Why Singapore Sovereign Fund Sues Chinese EV-Maker Nio

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: U.S. and Chinese Chipmakers Tread Different Paths in AI Gold Rush

2: Analysis: How Tech Self-Reliance Shapes China’s New Five-Year Plan

3: Shenzhen’s Secondhand Home Sales Briefly Rebound in September After Easing of Purchase Restrictions

4: Xiaomi, EV Rivals Offer Tax Subsidies Ahead of China’s 2026 Incentive Cut

5: In Depth: China’s Growing Trade of Unused ‘Used’ Cars Threatens Automakers’ Global Expansion

SPONSORED

OR