Homebuyers, wary of the uncertain economic outlook, have remained on the sidelines, while property developers and agents said sales were still soft following a short-lived burst of activity in major cities like Beijing and Shenzhen.
But the support measures have yet to have any notable impact among buyers still grappling with low confidence. China's new home prices, down 19.8% and 18.7% respectively, in a sign the world's second-biggest economy is not out of the woods yet despite better-than-expected headline Sales in October are expected to stay soft, developers said, as few of the visits from buyers to sites have realized into actual purchases.
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