Will fresh incentives give China’s housing market more than a short-lived rebound?

Sales of new units in cities like Shanghai and Shenzhen have risen following central government moves designed to revive buyer confidence

Some say they are being swamped by inquiries and are trying to seal as many deals as possible amid a recovery in confidence, while others are keeping their fingers crossed for more government stimulus to sustain the growing momentum.

“Government support always holds the key to the performance of the home market,” said Yang Keju, a broker at a Lianjia property agency branch in Pudong, Shanghai. “We are worried that the current high transaction volume could become short-lived.”