Beijing home sales sink

Source:Reuters-Global Times Published: 2018/9/24 22:08:41

Commercial home sales in Beijing slid 32.8 percent year-on-year in the first eight months, after strict curbs were put in place to cool down the housing market in the capital, official figures showed on Monday.

Commercial home sales reached about 3.54 million square meters, while new construction rose 18.3 percent year-on-year to 6.58 million sq m, the Beijing Municipal Statistics bureau said. The drop came as officials continue to tighten rules of home sales to contain skyrocketing prices.

Posted in: MARKETS

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