Harbin, in China’s northeastern Heilongjiang province, last week became the latest city to remove restrictions on the resale of houses, hinting at a trend that could lift the mainland’s US$1.7 trillion housing market out of a slump.The city’s home prices dropped for a seventh consecutive month in February, despite a flurry of easing measures taken by the local government since October last year. The price of new homes in Harbin dropped by about 4 per cent year on year in February, while those…
Source : South China Morning Post
Read more…Harbin’s withdrawal of resale restrictions expected to lift Chinese housing market out of slump
