Beijing | The downturn in China’s residential real estate sector slowed further in June following the government’s efforts to put a floor under the housing market in some of its biggest cities.

The value of new home sales from the 100 biggest real estate companies dropped 17 per cent from a year earlier to 439 billion yuan ($90.5 billion), compared with a 34 per cent decline in May, according to preliminary data from the China Real Estate Information Corporation. Sales jumped 36 per cent from May.

Bloomberg