Logo 03 Sep 2024

Home sales decline continues in August

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The property sector is still stuck deep in the woods.
The latest data from China Real Estate Information Corp (CRIC), an independent data provider, shows that:

In August, new home sales by China’s top 100 developers dropped 10% m/m and 26.8% y/y to RMB 251.2 billion
Year-to-date (January-August), s...