Property News · April 3, 2018

Shenzhen new home prices little changed for 18-straight month in March, as ‘iron-fisted’ measures calm market


Shenzhen, the Chinese city with the largest population growth, saw its new home prices little changed in March, reflecting the 18 straight month of flat price movements, a result of an iron-fisted government clampdown since late 2016.
Prices were down 6 yuan (95 US cents) per square metre on average for the month, pointing to strong underlying demand, even as the government’s campaign to cool the market remains in full swing.
Average transactional prices in March fell 0.01 per cent on…

Source : South China Morning Post
Read more…Shenzhen new home prices little changed for 18-straight month in March, as ‘iron-fisted’ measures calm market