Property News · September 18, 2019

No Mid-Autumn Festival pick up for China new home sales – and October deals could decline too


A steep decline in home sales during China’s three-day Mid-Autumn Festival holiday, a period when such transactions usually peak, suggests the mainland property industry might miss a traditional high season altogether this year.Only four new homes were sold in Beijing during the first two days of the festival, down from 180 units sold last year, according to brokerage Centaline Property Agency, in an indication the deteriorating economy was weighing on the sector.In the financial centre of…

Source : South China Morning Post
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