The value of new home sales by the 100 biggest real estate developers climbed 31.6% y/y in April
- prior was +29.2% in March
The data comes via China Real Estate Information Corp. and was reported by Bloomberg (gated).
While the manufacturing PMI published over the weekend was poor:
This real estate data indicates that government initiatives to boost the real estate sector, a key sector of China's economy, are having a positive impact.
