New home prices fell 0.3 per cent month on month in August after a 0.2 per cent drop in July, official data showed. Easing measures may only lead to an ‘L-shaped’ recovery in the sector in coming years, Goldman Sachs says.
Source : South China Morning Post
Read more…China’s new home prices drop faster as analysts turn ‘negative’ on property-sector outlook amid ‘not enough’ stimulus
