Second-hand home sales in Shenzhen tumbled 80% on year to hit 17-month low in July, price fell for third straight month
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Second-hand home sales in Shenzhen tumbled 80% on year to hit 17-month low in July, price fell for third straight month
STOCKS

Second-hand home sales in Shenzhen tumbled 80% on year to hit 17-month low in July, price fell for third straight month

 

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Second-hand home sales in China’s southern technology hub of Shenzhen tumbled by more than 80 per cent on year in July after a series of government measures to crack down on housing market speculation.

The city sold 2,557 second-hand homes last month, the lowest level in 17 months, according to data from Qfang Data Research Data. The figure has declined for four consecutive months and represents a drop of 81 per cent from the same period last year.

Home sales measured by floor space tumbled by 79 per cent year over . . .

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