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Shenzhen, Shanghai home sales plunge after rules tightened

Beijing making it tougher to buy homes in the cities to prevent a property bubble
Saturday, April 9, 2016 - 05:50

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TOUGH SELL: With overall economic growth falling to a 25-year low of 6.9 per cent in 2015, property investment growth eased to just one per cent.

Hong Kong

HOME sales in the red-hot property markets of Shanghai and Shenzhen tumbled sharply in the week after the authorities made it tougher to buy homes in the cities to prevent a property bubble, surveys by a major Chinese realtor show.

After Shenzhen and Shanghai property

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