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Local residents look at a model of a Poly Real Estate Group housing project at a real estate showroom on May 25, 2023 in Sanya, Hainan Province of China.
Local residents look at a model of a Poly Real Estate Group housing project at a real estate showroom on May 25, 2023 in Sanya, Hainan Province of China.

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  • China's home values dropped year-over-year in March for new and used properties. 
  • Residential home sales fell by 31% last quarter, while property developers' cash reserves shrank by 26%.
  • Chinese authorities reported a 9.5% drop in real estate development investment in the first quarter. 

Home prices slumped in March, extending the housing market's decline and leaving authorities in Beijing scrambling for solutions to the country's real estate crisis. 

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Real Estate, Markets, China, china-real-estate, china-property-crisis, china-housing-market, china-housing, housing-prices, real-estate-market, Beijing, xi-jinping, china-economy
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The freefall in China's home prices continued in March as Beijing struggles to …