Property News · October 10, 2017

Golden Week loses its shine for Chinese property market, as home sales slump


Home buying effectively halted in China’s top-tier cities during the eight-day “Golden Week” public holiday, as cooling measures rolled out over the past year kicked in.
A plunge in trading volumes across the country during what is traditionally a hot season for home buying indicated extreme caution, ahead of China’s key political meeting, the 19th Communist Party Congress starting October 18, and after a year of property tightening.
New homes sales slumped as much as 78…

Source : South China Morning Post
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