NewzSales of luxury residential properties in top mainland China cities are experiencing a rebound as high-net-worth individuals, boosted by the nation's technology sector boom, spend billions of yuan on housing upgrades.
This high-end buying surge has generated expectations among some observers regarding a potential broader recovery in the real estate market following a prolonged slump.
However, industry analysts caution that despite the localized momentum in the luxury segment, an overall recovery for the wider property market remains unlikely.
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