China's technology hub of Shenzhen saw second-hand home transactions tumble by more than 80 per cent in August from a year earlier after the local government introduced a series of measures to cool down the housing market.
The city's second-hand home sales slid 79.96 per cent year over year in August to about 195,400 square meters, according to data released by Shenzhen housing authority.
Second-hand home sales by unit tumbled 81.96 per cent last month from a year earlier to 2,043 units, sharply down from 11 . . .
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