Property Sales Rebound in Beijing in Q1


PROPERTY sales rebounded in Beijing in the first quarter, signaling a rebound for the sector after sales fell last year on government curbing moves.

The trading volume of new homes in Beijing rose 20 percent monthly to above 5,500 units in February, official data showed.

The city's property market further recovered in March, with home sales jumping to 2,732 units during the first half of the month.

"The recent rebound in property turnover is a result of falling housing prices and lower interest rates on first-time home loans," said Hu Jinghui, vice president of 5i5j Real Estate.

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