25 September 2018

Post-CNY property sales flat in first-tier cities, paper says

The property market in first-tier mainland cities stayed flat before and after the Chinese New Year holiday, despite record prices at recent land auctions, the China Securities Journal reported Friday, citing various unnamed market sources. Of the 26 new property projects scheduled to launch sales in Shanghai this month, only six have released price lists for prospective buyers. In Beijing, transactions of new and second-hand homes dropped by around 30 percent in the first week of January, while just six property projects have offered units for sale this month, well down on the 24 that began selling last month, the report said.

– Contact HKEJ at [email protected]



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