China property shares surge on easier home purchase rules, improved sentiment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2024
0mins
Source: Reuters
Market Response to Policy Changes: Shares of China's property developers surged following the easing of home purchase restrictions in major cities and significant stimulus measures from Beijing, with indices showing gains of up to 40% since last week.
Sales Surge and Price Increases: Major developers reported rapid sales of new housing projects, with some raising prices due to increased demand, while analysts caution that sustained recovery in the market is needed to confirm a lasting turnaround.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
