Despite incentives, Chinese demand for homes not recovering

Condo sales slow to rebound amid resurgence of COVID-19

20220316N china condo model

A showroom for a condo development in Ordos, Inner Mongolia. Demand for new homes remains sluggish in China, especially outside of its largest cities. (Photo by Iori Kawate)

IORI KAWATE, Nikkei staff writer

BEIJING -- Prices of newly built homes in China's biggest cities fell for the sixth straight month in February as the country's real estate market struggles to rebound despite efforts by regional governments to lift sales.

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