China Jan-Feb property sales post biggest fall in 3 years
Hong Kong
CHINA'S property sales in the first two months of 2015 dropped by the most in three years amid a glut of housing supply, and real estate investment growth eased.
Sales revenue dropped 15.8 per cent in the two-month period versus January-February last year, the worst drop since the 2012 fall of 20.9 per cent.The property sector accounts for some 15 per cent of China's economic output, with weak property sales highlighting the risks faced even to achieve the government's reduced 7 per cent growth target.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender