Residential property prices in Shenzhen, the hottest market in China last year, declined at a slower pace in June, as local authorities arm twisted developers into selling new projects at below market rates, while buyers shifted gear and turned their attention to the city’s outer suburbs from the core urban area.
June’s average prices fell for the ninth consecutive month, dipping 0.04 per cent from a month earlier to 54,492 yuan(US$8,032) per square meter, according to data by the…
Source : South China Morning Post
Read more…Shenzhen’s June home prices drop for ninth month as buyers shift focus to outlying suburbs
