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

shanghai

THE WIRE - Up-to-the-minute news updates walk you through every trading day!

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 . . .

 

 

SIGN IN  OR SUBSCRIBE TO GET FULL ACCESS. 

Stop Googling for China market information. Yuan Talks put all market-moving news in one place. You will never again be left in the dark when market moves. Start your FIVE-DAY FREE TRIAL today!

 

Try For Free

Cancel anytime before the free trial ends and you won't be charged.