China’s home sales during New Year holiday fall 26% compared with 2023

China's average daily home sales during the three-day New Year holiday in 40 cities, based on floor area, fell 26% compared with the same period last year, a survey showed on Tuesday. Sales fell the most in smaller cities, dropping 50% during the holiday, according to data from the China Index Academy, one of the country's largest independent real estate researchers. "Shifts in residents' expectations and policy support are key to real estate stabilisation in 2024," the firm said.