China's home sales rose at faster pace in August, analysts expect more growth in coming months

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China's new home sales grew at a faster pace in August as the housing market continued to rebound from coronavirus fallout boosted by monetary easing. Analysts expect the market to see more growth in the coming months as the economy improves further.

Home sales by China’s 100 top real estate developers rose 30.7 per cent in August from a year earlier to 976.2 billion yuan, accelerating from a 25.7 per cent gain in the previous month, marking the fifth straight monthly increase, according to China Real Estate Information Corp. (CRIC), a . . .

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