China's property inventories climb amid sluggish housing market, some city may need over 12 years to sell all new homes

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China's home inventories have been climbing amid the ongoing down cycle in the housing market, with lower-tier cities seeing particularly higher pressure. That has prompted some local government to restrict land approval for property development in order to reduce home supply.

As of the end of April, China’s unsold property inventories by floor area stood at 557 million square meters, marking the highest level in four years, rising 8.4% from the . . .

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