Property News · February 22, 2017

Winter is still here: China’s home prices kept losing heat in January


China’s residential property market continued to lose heat in January, with 14 out of 15 cities under the government’s scrutiny reporting declining or unchanged prices, in the latest evidence that the state’s heavy-handed curbs on speculative purchases are showing effect.
Shanghai’s prices of new homes fell 0.1 per cent in January, compared with December, according to data by the National Statistics Bureau, while Beijing prices were unchanged.
As many as 20 provincial…

Source : South China Morning Post
Read more…Winter is still here: China’s home prices kept losing heat in January

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