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CHINA PRESS: Real-estate Regional Differences Growing

CHINA PRESS

China’s July property data shows a continued downward trendand growing regional differences, according to Zhang Bo, director at 58 Anjuke Property Research Institute. The sales price of tier-one new builds fell by 0.5% month-on-month, versus 0.6% and 0.7% in tier-two and three cities, the data showed. Guan Rongxue, senior analyst at Zhuge Data Research Center, noted market expectations remained weak as the housing sector showed no positive change in transaction volume and price.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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