Cross-posted from Investing in Chinese Stocks
According to Home Link, Beijing new home sales were up 20% in October and sales rose weekly during the month. Existing home sales are projected to have risen nearly 100%, with prices stable. Source: 房贷新政满月：京二手房实际成交1.8万套 价格平稳
The warming extended to land sales as well, with Shanghai, Guangzhou and Beijing all seeing a pickup in activity. On Sunday, Beijing sold ￥8 billion worth of land. Source: 北上广深土地市场回暖：成交超3700亿北京占半
Finally, the vice minister of the Ministry of Housing said policy adjustments shouldn’t be called a bailout. The moves are the exiting of restrictive policies that had to end some day, not measures designed to bailout the real estate sector. Mortgage adjustments are also aimed at the needs of home buyers and the Ministry does not support speculative demand. Source: 住建部：楼市政策去行政化并非“救市”
