Property developers in China’s tier 3 and 4 cities have reported disappointing home sales during the traditional Lunar New Year buying season this year. And their troubles might not end here, according to industry insiders.According to analysts, a combination of factors is affecting the market in mainland China’s smaller cities, ranging from short-term concerns such as a slowing economy and souring property sector outlook to a general lack of demand. And a planned removal of government…
Source : South China Morning Post
Read more…Declining home sales in smaller Chinese cities during Lunar New Year point to longer term troubles
