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Even Beijing starts to see home price dropping

Beijing, China's capital city, is seeing home prices and sales both cooling down and industry insiders say that the more important part is that, in the housing market viewed as one the most resilient among Chinese cities, prospective home buyers' expectation for further rise of home price is changing.

Beijing's property sales measured by floor space dropped 24 per cent in the first 10 months compared to the same period one year earlier to 4.61 million square meters, in which, sales of residential properties was down 13.6 per cent year-on-year to 3.48 million . . .

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