Shanghai's second-hand home sales slid in August amid stepped-up property curbs, prices fell for first time this year

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China's financial hub of Shanghai sees second-hand home transactions slide in August amid stepped-up real estate restrictions and meanwhile, average second-hand home prices fell for the first time this year, after the country's technology hub Shenzhen recorded more than 80 per cent plunge in home resales last month.

Second-hand home transactions in Shanghai fell 24 per cent in August from a month earlier, sliding 40 per cent from the same period last year, according to data from Shanghai Homelink Real Estate Agency. Homes worth a total of 57.4 billion yuan . . .

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