⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
China’s home sales continue to face challenges, as the month of March saw a persistent slump, dashing hopes for a quick turnaround in the sector. The value of new home sales from the 100 biggest real estate companies plummeted by about 46% compared to the previous year, totaling 358 billion yuan ($49.6 billion). This decline follows a 60% drop in February, according to preliminary data from China Real Estate Information Corp. The real estate market in China is showing signs of prolonged struggle, highlighting the significant impact of the current market dynamics on home sales.