China's March home sales reached 85% of a year earlier, industry watchers don't see "revenge buying"

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China's real estate market is on track of recovering in March as business activities gradually resume after the coronavirus lockdown. Home sales reached 85 per cent of the same period last year and property investment also picked up. However, industry watchers don't see "revenge buying" as potential buyers remain cautious.

In the first three months of the year, China's home sales measured by floor area fell 26.3 per cent from a year earlier to 219.8 million square meters, showed data released by the National Bureau of Statistic on Friday, narrowing from a . . .

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