Property News · May 16, 2017

Chinese home sales fall again in May as cities close loopholes in cooling measures


After a weak April, property sales in major Chinese cities continued to fall in the first half of May as local authorities intensified their campaign to close loopholes in existing cooling measures.
Sales of new homes in Beijing in the second week of the month fell 9.7 per cent from the first week, and were down 22 per cent and 71 per cent from the average weekly sales in April and March, respectively. Shanghai’s new home sales declined 12.8 per cent in the first week of May from the…

Source : South China Morning Post
Read more…Chinese home sales fall again in May as cities close loopholes in cooling measures

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