Property sales resume decline in January-February, but inventory buildup slows

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The stats bureau’s (NBS) latest data for the property sector, published Monday, paints a mixed picture.
First, the bad: Home sales dropped 0.4% y/y in value in the January-February period, while sales by floor space fell 3.4% y/y.

This reverses the momentum seen in November and December, when a pac...

Property sales resume decline in January-February, but inventory buildup slows

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