Property News · October 11, 2018

Public anger in China spreading as property prices drop


Chinese property developers can usually count on September and October to be their “gold and silver” months for sales, but this year turned out to be different.
Not only were their sales figures grim for September, but the seven-day national holiday last week also brought at least two fangnao incidents – when homeowners protest against price cuts offered by developers to new buyers.
These protests are often directed at sales offices, with varying levels of intensity –…

Source : South China Morning Post
Read more…Public anger in China spreading as property prices drop

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