Property News · February 12, 2019

China new home sales decline by 56 per cent during Lunar New Year holiday


New homes sales declined by 56 per cent year on year in 17 major mainland China cities, including Shanghai and Nanjing, during the Lunar New Year holiday, in a sign that does not bode well for a sector already weighed down by a bearish outlook and concerns about a slowing economy.
According to a research note released on Tuesday by investment bank China International Capital Corporation, Beijing’s easing stance on the overall economy boosted market sentiment in the beginning of 2019, but…

Source : South China Morning Post
Read more…China new home sales decline by 56 per cent during Lunar New Year holiday