On April 18th, according to a research report by CITIC Securities, the sales area of commercial housing in China in March decreased by 0.9% year-on-year, narrowing the decline by 4.2 percentage points compared to January and February, and the effect of stabilizing and stopping the decline continues to be evident. The improvement in sales is more reflected in high-energy cities, while the sales growth rate is still in the negative range, and the market stabilization momentum needs to be further consolidated. Real estate companies maintain a high enthusiasm for acquiring land in core cities, and the premium rate for homestead sales in first and second tier cities remains high; At the same time, there has been a significant improvement in the enthusiasm of real estate companies to start construction, with a significant narrowing of the decline in new construction area in March.
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