Property News · November 14, 2018

China’s home sales growth continues to slow in October as cooling measures take effect


China’s property sector is feeling the impact of measures to rein in prices.
Sales of new homes, measured by area, continued to decline. It fell 1.3 per cent in October from a year earlier, a bigger contraction than the 0.8 per cent seen in September, according to the Post’s calculation based on data released by the National Bureau of Statistics on Wednesday. Measured by value, it rose 9.9 per cent last month from a year earlier.
Public anger in China spreading as property prices…

Source : South China Morning Post
Read more…China’s home sales growth continues to slow in October as cooling measures take effect

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