From the article linked below: Beijing new home prices declined 7% from the start of 2011 to the end of 2011, and at the end of first quarter in 2012, prices are 20% below year-ago levels. 90% of the 16,000 housing transactions involved first-time homebuyers. Total housing turnover was 18,000 units and 1.8 million square meters, down 14.2% and 19.6% from last year and the lowest figures since 2007. Average price for all housing transactions was ¥19,516 per square meter, down 19.4%.
The most likely way for transactions to pick up is through price cuts. They are coming.
北京新房成交均价下降20% 商品房成交量创5年新低
波士顿中国留学生因骚扰民主活动人士被判入狱
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4月24日,来自中国的前伯克利音乐学院学生吴啸雷被美国法院判处九个月监禁。法院要求吴啸雷6月7日前往指定的监禁 […]...
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