China’s new home sales in Spring Festival much lower than last year, smaller cities under great pressure

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China's housing market remained sluggish during the Spring Festival this year and new home sales were significantly lower than a year earlier, with smaller cities under great pressure.

During the week-long holiday, China's new home transactions in floor area slid by 47.9% from a year earlier and falling by 7.9% from the same period in 2019, according a research note from BOC International. The data for the same period in . . .

 

 

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