China’s residential sales growth in July fell to its slowest pace in more than two years, echoed by a similar slowdown in contracted monthly sales for the country’s largest developers.
The value of new homes sold rose 4.26 per cent year on year to 779 billion yuan (US$117 billion) in July, down from 26.4 per cent in June, the slowest pace in more than two years, according calculations by the South China Morning Post based on data released Monday by the National Bureau of Statistics…
Source : South China Morning Post
Read more…China’s new home sales growth in July drops to slowest pace in two years
