Many housing projects have resumed work at a much higher rate and the transactions volume has improved significantly as the number of visits by buyers to check new homes is increasing significantly, Ni added. (Reporting by Liangping Gao and Ryan Woo; Editing by Andrew Heavens)
BEIJING, March 7 (Reuters) - Sales in China's new and
second-hand commercial housing ended 13 months of falls in
January and February, housing regulator head Ni Hong said on the
sidelines of the annual meeting of parliament on Tuesday.
"I am confident that the property market will stabilize and
rebound, " Ni said. "A positive impact has occurred on both the
supply and demand side of real estate," Ni added.
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