Real estate investment in September rose 12% from a year earlier, the biggest jump since April last year when it also increased by the same amount, and quickening from 11.8% seen in August, according to Reuters calculations based on data from the National Bureau of Statistics on Monday.
China's household leverage ratio had soared to a record by the end of June, prodded by a jump in mortgages as the government allowed real estate to support the economy.
According to CBRE data, which tracks property transactions valued above $10 million, half of the HK$4.4 billion ($567.75 million) deals completed in the third quarter were purchased by mainland investors.
Average new home prices in 70 major cities climbed 0.6% in August from a month earlier, a touch better than a 0.5% increase in July, according to Reuters calculations based on data released by the National Bureau of Statistics on Monday.
China's property market ground to a halt earlier this year as the virus outbreak escalated and authorities imposed tough curbs on travel and movement, shutting down crowded places such as property showrooms.
China's construction activities were stalled in February as the government extended Lunar New Year holidays and advised people to stay indoors as a precaution against a coronavirus outbreak.
China's property investment stayed buoyant in September, boosted by a rise in new construction activity, underlining hopes that resilience in the sector will help cushion a broader slowdown in the world's second-largest economy.
China's new home prices grew at their weakest pace in nearly a year in August as a cooling economy and existing curbs on speculative buying put a dent on overall demand.
More countries and are seeing residential property price rises year on year than at any time in the last decade but the average rate of growth is slowing significantly, the latest global index shows.
Chinese property developers are slowing land purchases and plan to be more selective about where they build, as sales soften from tightening measures and a deteriorating economic outlook.
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