China's March New Home Prices Inch Up

03 Apr 2024 CW Team

In March 2024, new home prices in China experienced a modest uptick of 0.27%, marking a continuation of the country's stable real estate market trends. Despite ongoing regulatory measures aimed at curbing speculation and ensuring housing affordability, the slight increase in prices suggests resilience in China's property sector.

The marginal rise in new home prices reflects subdued activity in China's real estate market, as regulatory measures continue to temper speculative investment and promote sustainable growth. Authorities have implemented various policies to maintain stability in the housing market while addressing concerns about affordability and speculative bubbles.

The incremental increase in new home prices indicates that the measures implemented by Chinese authorities have been effective in preventing sharp fluctuations and maintaining market stability. By adopting a cautious approach to real estate regulation, China aims to mitigate risks associated with excessive speculation and promote healthy development in the property sector.

Despite the slight uptick in new home prices, China remains committed to ensuring housing affordability and addressing the needs of its citizens. Regulatory efforts are expected to continue, with a focus on promoting balanced and sustainable growth in the real estate market while safeguarding against potential risks.

As China navigates its real estate landscape, stakeholders anticipate continued vigilance from authorities to maintain market stability and foster long-term prosperity. The slight increase in new home prices in March underscores the resilience of China's property sector amid evolving regulatory dynamics and economic challenges.

Infrastructure Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..