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 . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from readers like you.
What you'll get:
- High-quality & in-depth reporting on the most important topics about China's economy and financial markets
- Daily Brief newsletter to give you a full picture of what's happening in China every weekday
- Exclusive interviews with China experts
- Conference calls and events
We are not content with general information that you can get everywhere. We go deeper to get details, data and perspectives you won't read elsewhere!
Already have an account? Sign In