Property News · September 25, 2018

Chinese property stocks hit as housing ministry instructs six provinces to conduct in-depth study of pre-sales


Chinese property stocks fell on Tuesday after a long weekend break amid reports of possible property pre-sale restrictions in Guangdong and five other provinces, while the ongoing US-China trade war continued to hurt the overall market sentiment.
The Shanghai Composite Index fell 0.6 per cent, or 16.35 points, to 2,781.14 after the market reopened following the Mid-Autumn Festival public holiday. The index closed trading on Friday with a 2.5 per cent gain to reach a six-week high of 2,797.48….

Source : South China Morning Post
Read more…Chinese property stocks hit as housing ministry instructs six provinces to conduct in-depth study of pre-sales

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