Property News · December 19, 2016

Shanghai’s November home price falls for first time in 22 months as China’s control measures bite


Shanghai’s prices of new homes declined for the first time in 22 months in November, while prices stopped increasing in Beijing, as a raft of market cooling measures enforced by the Chinese government began to show effect.
Price of new homes dipped 0.1 per cent in November, compared with October, according to the National Bureau of Statistics. That’s the first decline since February 2015, according to the bureau’s data. Prices in Shenzhen fell 0.3 per cent, the data showed….

Source : South China Morning Post
Read more…Shanghai’s November home price falls for first time in 22 months as China’s control measures bite

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