De­cem­ber home sales push 2014 vol­ume higher

China Daily (Canada) - - FRONT PAGE -

Na­tional home sales in De­cem­ber surged over the pre­vi­ous month, wrap­ping up 2014 with the sec­ond-high­est sales vol­ume in years.

Ac­cord­ing to monthly ag­gre­gate data of the Na­tional Bureau of Statis­tics, home sales in De­cem­ber rose 41.7 per­cent by floor area from Novem­ber. By value, sales rose 41.4 per­cent month-on-month.

Be­hind the turn­around was a slew of stim­u­lus poli­cies, in­clud­ing a move by the cen­tral bank to ease mort­gage re­stric­tions on Sept 30 and cut in­ter­est rates on Nov 21.

Sales have steadily picked up since Oc­to­ber.

Yan Yue­jin, an an­a­lyst with E-House, said a big rea­son for the boom was that many de­vel­op­ers sought to post a good full-year per­for­mance, which prompted them to boost sales with lower prices.

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