Residential housing sales in tier-one...>

CHINA PRESS: Residential housing sales in tier-one cities fell 3% m/m in the

first half of November, with tier-three and tier-four cities suffering an even

sharper 20% fall, the Securities Daily reported on Wednesday, citing data

released by Shanghai E-House Real Estate Research Institute.

- Sales in second-tier cities in the eastern region, mainly Qingdao, Hefei and

Nanjing cities increased by 27%, as tough regulations on pre-sell permits and

online contract signing were relaxed, the newspaper said.

- Developers will soon accelerate promoting new real estate projects to help

ease funding concerns. But the housing market will continue to cool, as the

recent regulation is unlikely to relax, the newspaper said, citing Shen Xin, an

analyst at E-House.

(Link to the story: https://bit.ly/2FByTJF)