CX Daily: Mainland Stocks Soar After Holiday

Real estate /

Holiday home sales boom in Beijing as latest stimulus entices buyers

Home sales surged in Beijing during last week’s National Day holiday as buyers flocked into the market after the city’s recent measure to stimulate the housing market.

During the weeklong holiday from Oct.1, new home sales by area in Beijing totaled 28,100 square meters. Daily sales averaged 4,000 square meters, representing an 81% growth from last year’s National Day holiday, according to data from China Index Academy (CIA).