Press "Enter" to skip to content

China’s home sales tumbled in first week of February


China’s home sales have been hit hard by the ongoing coronavirus outbreak with transactions tumbling so far this year, as more than 100 cities closed sales offices to contain the spreading of the virus.

New home sales plunged 90 per cent from the same period last year, according to preliminary data on 36 cities tracked by China Merchants Securities Co. Sales of second-hand homes plummeted 91 per cent in eight cities where data is available . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting with details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day
  • An indispensable and reliable source of information on China's economy and financial markets

FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.


Already have an account? Sign In