Property News · October 19, 2016

China’s home sales decline as government’s market-cooling measures take effect


China’s home sales declined during the first two weeks of October, according to a survey, in a sign that government policies aimed at cooling the real estate market are taking effect.
Sales volume in 54 cities in mainland China fell as much as 40 per cent from a year ago, while the total number of transactions declined 5 per cent to 130,944 units, according to Centaline Group.
“The tightening policies have dampened buying desires,” said Zhang Dawai, chief analyst at Centaline…

Source : South China Morning Post
Read more…China’s home sales decline as government’s market-cooling measures take effect

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