BEIJING, May 1 (Reuters) - Prices of new homes in 100
Chinese cities rose a touch in April in an extension of modest
gains seen in March, a private survey showed on Monday, as
government support measures stoked demand in large and midsize
cities.
New home prices in April edged up 0.02% from the previous
month, the same as in March, according to data from the China
Index Academy, one of the country's largest independent real
estate researchers.
In April, 30 cities reported increases, down from 41 in
March, the firm said.
China will support housing demand, ensure home delivery and
promote sound and stable development of the property market, the
Politburo, a top decision-making body of the ruling Communist
Party, said on Friday.
The property sector, which accounts for a quarter of China's
economy, was badly hit last year as many developers could not
finish projects, leading to mortgage boycotts by some buyers.
COVID-19 lockdowns and movement controls also hurt buyer
sentiment.
Sales have rebounded in major cities in recent weeks, as
homebuyers return after Beijing abandoned its zero-COVID policy
in December, but consumer confidence remains fickle.
(Reporting by Judy Hua, Liangping Gao and Ryan Woo
Editing by Shri Navaratnam)
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